Workday, Inc. (NASDAQ:WDAY) Stock Position Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 68.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,100 shares of the software maker’s stock after acquiring an additional 2,477 shares during the period. Oppenheimer & Co. Inc.’s holdings in Workday were worth $1,574,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of Workday during the 4th quarter valued at about $26,000. Roxbury Financial LLC acquired a new position in shares of Workday during the 4th quarter valued at about $25,000. Avion Wealth increased its holdings in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Workday during the 3rd quarter valued at about $26,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Royal Bank of Canada raised their target price on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Mizuho raised their target price on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Oppenheimer raised their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their target price on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.14.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the completion of the sale, the insider now owns 228,000 shares in the company, valued at $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 369,374 shares of company stock valued at $95,786,918. 20.00% of the stock is currently owned by corporate insiders.

Workday Price Performance

Workday stock opened at $254.57 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $67.72 billion, a P/E ratio of 42.22, a P/E/G ratio of 3.55 and a beta of 1.35. The business’s fifty day moving average is $259.48 and its two-hundred day moving average is $255.31. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

About Workday

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.