Ossiam Sells 1,661 Shares of Workday, Inc. (NASDAQ:WDAY)

Ossiam lowered its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,178 shares of the software maker's stock after selling 1,661 shares during the quarter. Ossiam's holdings in Workday were worth $2,626,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in Workday in the fourth quarter worth $26,000. 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 valued at $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in Workday during the 4th quarter worth about $35,000. Finally, Rakuten Securities Inc. increased its position in Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after acquiring an additional 66 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WDAY. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research note on Friday, February 14th. Piper Sandler dropped their target price on Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday. JMP Securities reiterated a "market outperform" rating and issued a $315.00 price target on shares of Workday in a report on Thursday, February 6th. Loop Capital upped their target price on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Ten investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $292.86.

Insider Transactions at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,724 shares of company stock worth $77,976,126. 20.00% of the stock is owned by insiders.

Workday Stock Performance

NASDAQ:WDAY traded up $12.00 during mid-day trading on Thursday, hitting $236.87. The stock had a trading volume of 1,685,062 shares, compared to its average volume of 2,623,694. The company's 50 day simple moving average is $241.68 and its 200 day simple moving average is $251.76. The stock has a market cap of $63.01 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results 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 return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. On average, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share 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.