Ossiam Acquires 634 Shares of Workday, Inc. (NASDAQ:WDAY)

Ossiam increased its holdings in Workday, Inc. (NASDAQ:WDAYFree Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,853 shares of the software maker’s stock after buying an additional 634 shares during the period. Ossiam’s holdings in Workday were worth $2,168,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WDAY. Beacon Capital Management LLC boosted its holdings in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC grew its holdings in Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Workday during the fourth quarter valued at about $33,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in shares of Workday in the third quarter valued at approximately $29,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WDAY shares. Loop Capital decreased their price target on shares of Workday from $280.00 to $240.00 and set a “hold” rating on the stock in a report on Friday, May 24th. KeyCorp decreased their target price on Workday from $330.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. The Goldman Sachs Group dropped their price target on Workday from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus decreased their price objective on shares of Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Finally, Robert W. Baird dropped their target price on shares of Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.96.

Check Out Our Latest Stock Report on Workday

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 82,762 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $21,658,209.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 82,762 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $21,658,209.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total value of $1,352,600.00. Following the sale, the director now directly owns 105,000 shares in the company, valued at approximately $28,404,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 518,042 shares of company stock valued at $134,777,415. Company insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of Workday stock opened at $215.56 on Monday. The stock’s fifty day moving average is $247.61 and its 200 day moving average is $268.25. Workday, Inc. has a one year low of $201.42 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $57.12 billion, a P/E ratio of 38.84, a P/E/G ratio of 6.53 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.20. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current year.

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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