Oak Thistle LLC Has $241,000 Position in Workday, Inc. (NASDAQ:WDAY)

Oak Thistle LLC cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 32.4% in the first quarter, Holdings Channel reports. The institutional investor owned 884 shares of the software maker’s stock after selling 423 shares during the quarter. Oak Thistle LLC’s holdings in Workday were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Clarity Wealth Advisors LLC boosted its holdings in Workday by 5.4% in the 1st quarter. Clarity Wealth Advisors LLC now owns 1,995 shares of the software maker’s stock valued at $544,000 after purchasing an additional 102 shares during the period. Founders Financial Securities LLC increased its stake in Workday by 30.6% during the first quarter. Founders Financial Securities LLC now owns 2,369 shares of the software maker’s stock valued at $646,000 after acquiring an additional 555 shares during the period. Vicus Capital acquired a new position in Workday in the 1st quarter valued at approximately $269,000. Cannon Global Investment Management LLC lifted its position in shares of Workday by 250.0% in the 1st quarter. Cannon Global Investment Management LLC now owns 4,900 shares of the software maker’s stock worth $1,336,000 after acquiring an additional 3,500 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Workday during the 1st quarter worth approximately $202,000. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley cut their target price on Workday from $330.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Robert W. Baird lowered their price objective on Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. BMO Capital Markets cut their target price on Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Evercore ISI decreased their price target on Workday from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Finally, Jefferies Financial Group cut their price objective on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.11.

Workday Stock Up 0.5 %

Shares of WDAY stock traded up $1.16 on Monday, hitting $224.72. 1,495,618 shares of the stock were exchanged, compared to its average volume of 2,225,139. The business has a 50-day moving average of $232.50 and a 200 day moving average of $263.20. Workday, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $311.28. The firm has a market capitalization of $59.55 billion, a P/E ratio of 40.40, a price-to-earnings-growth ratio of 5.64 and a beta of 1.35. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities analysts anticipate that Workday, Inc. will post 2.12 EPS for the current year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now owns 204,066 shares in the company, valued at approximately $43,759,913.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 384,551 shares of company stock valued at $91,847,903. 20.00% of the stock is owned by corporate insiders.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.