OneDigital Investment Advisors LLC Cuts Stock Position in Workday, Inc. (NASDAQ:WDAY)

OneDigital Investment Advisors LLC reduced its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,974 shares of the software maker's stock after selling 3,627 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Workday were worth $7,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Workday by 4.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker's stock worth $281,000 after purchasing an additional 43 shares during the period. Diversified Trust Co increased its position in shares of Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker's stock worth $1,080,000 after buying an additional 47 shares during the period. Opal Wealth Advisors LLC lifted its holdings in Workday by 5.2% in the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker's stock valued at $231,000 after buying an additional 47 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in Workday by 3.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker's stock worth $324,000 after purchasing an additional 48 shares during the period. Finally, Aspen Investment Management Inc increased its holdings in Workday by 3.1% in the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker's stock worth $369,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Workday from $265.00 to $275.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. JMP Securities reissued a "market outperform" rating and set a $315.00 target price on shares of Workday in a research report on Thursday, September 19th. Wells Fargo & Company increased their price objective on Workday from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Barclays raised their price objective on Workday from $286.00 to $289.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Finally, Citigroup reduced their target price on Workday from $274.00 to $270.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $287.59.

Insider Activity

In other news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the business's stock in a transaction on 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 transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Down 4.4 %

Shares of WDAY stock traded down $12.08 during midday trading on Friday, reaching $259.41. 2,035,742 shares of the stock were exchanged, compared to its average volume of 2,103,628. The firm has a market cap of $68.74 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 5.49 and a beta of 1.35. 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 company's 50 day moving average is $246.64 and its two-hundred day moving average is $236.52. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.40 EPS. The company's revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities research analysts predict that Workday, Inc. will post 2.4 EPS for the current 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.