Ossiam Buys 27,115 Shares of Workday, Inc. $WDAY

Ossiam increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 30.7% during the third quarter, HoldingsChannel.com reports. The firm owned 115,512 shares of the software maker’s stock after buying an additional 27,115 shares during the period. Ossiam’s holdings in Workday were worth $27,807,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Perennial Investment Advisors LLC boosted its stake in Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after buying an additional 48 shares during the period. Bay Harbor Wealth Management LLC raised its stake in shares of Workday by 12.0% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after acquiring an additional 49 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Workday by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock worth $994,000 after acquiring an additional 49 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Workday by 1.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Advisors MI boosted its position in shares of Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after purchasing an additional 50 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen lowered Workday from a “buy” rating to a “hold” rating in a research report on Saturday. Sanford C. Bernstein dropped their price objective on Workday from $298.00 to $214.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Evercore downgraded Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective on the stock. in a report on Wednesday, February 25th. BMO Capital Markets decreased their target price on Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Twenty analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the transaction, the insider owned 85,398 shares in the company, valued at $17,933,580. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This trade represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 610,796 shares of company stock worth $107,013,566 over the last quarter. 19.31% of the stock is currently owned by insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $133.09 on Friday. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00. The company has a fifty day simple moving average of $164.66 and a two-hundred day simple moving average of $206.10. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market cap of $35.00 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday 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.