50,954 Shares in Workday, Inc. $WDAY Acquired by Oak Associates Ltd. OH

Oak Associates Ltd. OH purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the first quarter, Holdings Channel.com reports. The fund purchased 50,954 shares of the software maker’s stock, valued at approximately $6,620,000.

Several other institutional investors have also recently bought and sold shares of WDAY. Rakuten Securities Inc. acquired a new position in Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the third quarter valued at $26,000. DT Investment Partners LLC bought a new position in shares of Workday in the fourth quarter valued at about $27,000. LRI Investments LLC bought a new position in shares of Workday in the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Workday during the 3rd quarter worth about $30,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WDAY shares. TD Cowen reissued a “hold” rating on shares of Workday in a report on Friday, May 22nd. UBS Group upped their target price on shares of Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Citigroup reissued a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. The Goldman Sachs Group lowered their price target on shares of Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Finally, Needham & Company LLC dropped their price objective on shares of Workday from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $179.80.

Workday Stock Performance

Workday stock opened at $127.87 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The company has a market cap of $31.58 billion, a PE ratio of 39.96, a PEG ratio of 1.40 and a beta of 1.11. The company’s 50-day moving average is $132.93 and its two-hundred day moving average is $141.88.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $2.23 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is currently owned by company insiders.

Workday Company Profile

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.