Oppenheimer Asset Management Inc. Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

Oppenheimer Asset Management Inc. lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 37.2% in the third quarter, HoldingsChannel reports. The firm owned 92,140 shares of the software maker’s stock after acquiring an additional 24,995 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Workday were worth $22,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Workday during the third quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in Workday in the 1st quarter valued at approximately $27,000. SouthState Corp boosted its holdings in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after purchasing an additional 129 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Workday during the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC purchased a new stake in shares of Workday during the 2nd quarter worth approximately $36,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. Wells Fargo & Company upped their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Finally, Barclays increased their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $287.04.

Workday Trading Up 2.0 %

WDAY traded up $5.50 during trading on Wednesday, reaching $275.82. 209,160 shares of the company’s stock were exchanged, compared to its average volume of 2,094,318. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $73.09 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 5.24 and a beta of 1.35. The firm has a fifty day moving average price of $245.97 and a two-hundred day moving average price of $235.99.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company’s stock, valued at $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock worth $91,506,897 in the last quarter. 20.00% of the stock is currently 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.