OFI Invest Asset Management Invests $1.46 Million in Workday, Inc. (NASDAQ:WDAY)

OFI Invest Asset Management acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,876 shares of the software maker's stock, valued at approximately $1,464,000.

Several other large investors also recently bought and sold shares of WDAY. Coalescence Partners Investment Management LP boosted its holdings in shares of Workday by 78.1% in the 4th quarter. Coalescence Partners Investment Management LP now owns 75,133 shares of the software maker's stock valued at $19,387,000 after acquiring an additional 32,952 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Workday by 1.2% in the 4th quarter. Atlantic Union Bankshares Corp now owns 11,713 shares of the software maker's stock valued at $3,022,000 after acquiring an additional 143 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Workday by 25.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,935 shares of the software maker's stock valued at $499,000 after acquiring an additional 397 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Workday by 17.4% in the 4th quarter. Larson Financial Group LLC now owns 885 shares of the software maker's stock valued at $228,000 after acquiring an additional 131 shares during the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Workday by 34.4% in the 4th quarter. HM Payson & Co. now owns 2,869 shares of the software maker's stock valued at $740,000 after purchasing an additional 735 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Workday Trading Down 0.5 %

Shares of WDAY traded down $1.26 during mid-day trading on Wednesday, reaching $241.67. The stock had a trading volume of 2,332,199 shares, compared to its average volume of 2,424,268. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The business's fifty day moving average is $257.38 and its 200 day moving average is $255.80. The firm has a market cap of $64.28 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) 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 firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the subject of several analyst reports. Redburn Atlantic initiated coverage on shares of Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. The Goldman Sachs Group boosted their target price on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. UBS Group boosted their target price on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets boosted their target price on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and a consensus price target of $302.14.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares of the company's stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock valued at $113,033,319 over the last 90 days. 20.00% of the stock is owned by company insiders.

Workday 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.