Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 37.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,140 shares of the software maker's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Capital Performance Advisors LLP purchased a new position in shares of Workday during the 3rd quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Workday during the first quarter valued at $27,000. SouthState Corp raised its stake in Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker's stock valued at $34,000 after buying an additional 129 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in Workday in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC purchased a new position in Workday during the second quarter valued at $36,000. 89.81% of the stock is owned by institutional investors.

Workday Stock Up 2.3 %

Shares of NASDAQ WDAY traded up $6.19 on Wednesday, reaching $276.51. 2,746,798 shares of the company's stock traded hands, compared to its average volume of 2,105,853. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business's 50 day simple moving average is $245.97 and its two-hundred day simple moving average is $235.99. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market cap of $73.28 billion, a price-to-earnings ratio of 48.13, a price-to-earnings-growth ratio of 5.37 and a beta of 1.35.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during 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%. The firm's revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company's stock, valued at approximately $68,004,810. 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 accessible through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock worth $91,506,897 in the last quarter. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WDAY has been the subject of several recent analyst reports. Bank of America lifted their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Evercore ISI cut their price objective on shares of Workday from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Tuesday, August 20th. Canaccord Genuity Group reiterated a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Friday, September 13th. JMP Securities reissued a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research report on Thursday, September 19th. Finally, Loop Capital raised their price target on shares of Workday from $240.00 to $255.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $287.04.

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.