O Shaughnessy Asset Management LLC Buys 1,764 Shares of Workday, Inc. (NASDAQ:WDAY)

O Shaughnessy Asset Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,390 shares of the software maker's stock after acquiring an additional 1,764 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Workday were worth $3,713,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in Workday in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in shares of Workday during the 4th quarter valued at $25,000. Avion Wealth increased its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new stake in shares of Workday during the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its position in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Price Performance

Shares of Workday stock traded down $1.82 during trading on Monday, hitting $215.32. 5,201,589 shares of the company's stock traded hands, compared to its average volume of 2,575,413. The company has a market cap of $57.28 billion, a PE ratio of 35.71, a PEG ratio of 3.55 and a beta of 1.32. The firm's fifty day moving average price is $253.32 and its 200 day moving average price is $253.90. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

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Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WDAY. Citigroup cut their price target on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research note on Tuesday, March 4th. BMO Capital Markets increased their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their price objective on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average price target of $300.18.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,191 shares of company stock worth $93,098,347 over the last three months. Company insiders own 20.00% of the company's stock.

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.