Workday, Inc. $WDAY Position Reduced by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its stake in Workday, Inc. (NASDAQ:WDAY) by 94.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,980 shares of the software maker’s stock after selling 140,137 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Workday were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Rakuten Securities Inc. purchased a new position in shares of Workday during the 2nd quarter valued at $25,000. Berbice Capital Management LLC boosted its position in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Workday in the second quarter valued at about $41,000. Finally, Physician Wealth Advisors Inc. acquired a new position in Workday in the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $220.70 on Friday. The company has a market capitalization of $58.04 billion, a PE ratio of 92.73, a price-to-earnings-growth ratio of 2.49 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. Workday, Inc. has a one year low of $205.33 and a one year high of $283.68. The company’s fifty day moving average price is $225.39 and its 200 day moving average price is $230.52.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WDAY shares. UBS Group set a $260.00 price target on Workday in a report on Wednesday, November 26th. Macquarie reaffirmed a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. DA Davidson reduced their target price on shares of Workday from $260.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their price target on shares of Workday from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Sanford C. Bernstein reduced their price objective on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.22.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 1,915 shares of Workday stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the transaction, the chief accounting officer directly owned 37,351 shares of the company’s stock, valued at $8,925,394.96. The trade was a 4.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the transaction, the director owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 266,937 shares of company stock worth $59,316,578. Insiders own 19.31% of the company’s stock.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.