O Shaughnessy Asset Management LLC Acquires 1,764 Shares of Workday, Inc. (NASDAQ:WDAY)

O Shaughnessy Asset Management LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,390 shares of the software maker’s stock after purchasing an additional 1,764 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Workday were worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in Workday in the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the fourth quarter worth $26,000. Avion Wealth boosted its holdings in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in Workday in the 4th quarter valued at $35,000. Finally, Rakuten Securities Inc. raised its holdings in Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after acquiring an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Up 0.4 %

WDAY opened at $235.39 on Thursday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The stock has a market capitalization of $62.61 billion, a PE ratio of 39.04, a PEG ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $255.66 and a two-hundred day moving average price of $254.45.

Workday (NASDAQ:WDAY) last issued its quarterly 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 net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $25,776,029.22. The trade was a 40.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now owns 75,000 shares of the company’s stock, valued at approximately $18,099,750. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 429,316 shares of company stock worth $108,168,536 over the last 90 days. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WDAY has been the topic of several research analyst reports. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Mizuho upped their price target on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. UBS Group raised their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Daiwa America upgraded shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.18.

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.