Oppenheimer Asset Management Inc. Has $22.52 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Oppenheimer Asset Management Inc. lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 37.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. Capital Performance Advisors LLP acquired a new stake in Workday during the 3rd quarter worth about $26,000. Crewe Advisors LLC bought a new position in shares of Workday in the 1st quarter valued at approximately $27,000. SouthState Corp raised its stake in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Workday in the 2nd quarter valued at approximately $35,000. Finally, Asset Dedication LLC bought a new position in shares of Workday in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of research analyst reports. DA Davidson raised their target price on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. The Goldman Sachs Group raised their target price on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Thursday, September 19th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.04.

Workday Price Performance

Shares of Workday stock traded up $5.50 during trading hours on Wednesday, hitting $275.82. The company’s stock had a trading volume of 209,160 shares, compared to its average volume of 2,094,318. The business has a 50 day moving average price of $245.97 and a two-hundred day moving average price of $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 $73.09 billion, a PE ratio of 47.09, a PEG ratio of 5.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04.

Workday (NASDAQ:WDAY) 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. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Workday, Inc. will post 2.4 earnings per share for the current fiscal 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.