Pin Oak Investment Advisors Inc. Purchases 85 Shares of Workday, Inc. (NASDAQ:WDAY)

Pin Oak Investment Advisors Inc. lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 55.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237 shares of the software maker’s stock after buying an additional 85 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in Workday were worth $57,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Workday by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 43 shares during the last quarter. Diversified Trust Co raised its stake in shares of Workday by 1.0% in the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after purchasing an additional 47 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Workday by 5.2% in the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after purchasing an additional 47 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Trading Down 6.2 %

Shares of NASDAQ WDAY traded down $16.79 during midday trading on Thursday, reaching $253.40. 13,907,388 shares of the stock were exchanged, compared to its average volume of 1,929,515. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The stock has a market capitalization of $67.15 billion, a P/E ratio of 42.02, a PEG ratio of 5.36 and a beta of 1.35. The company has a 50 day simple moving average of $248.62 and a 200 day simple moving average of $237.33. 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 Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.21% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts expect that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. The trade was a 16.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the completion of the sale, the director now owns 90,000 shares in the company, valued at $22,990,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 359,954 shares of company stock worth $88,742,132 over the last quarter. 20.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WDAY shares. Morgan Stanley raised their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Bank of America reduced their price target on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. Finally, KeyCorp lifted their price target on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.14.

Workday Company 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.