Workday, Inc. (NASDAQ:WDAY) Stock Position Raised by Oppenheimer & Co. Inc.

Posted by Defense World Staff on Aug 27th, 2023

Oppenheimer & Co. Inc. lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 121.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,106 shares of the software maker’s stock after buying an additional 2,248 shares during the period. Oppenheimer & Co. Inc.’s holdings in Workday were worth $848,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Intellectus Partners LLC lifted its stake in Workday by 1.0% during the first quarter. Intellectus Partners LLC now owns 5,318 shares of the software maker’s stock valued at $1,098,000 after purchasing an additional 55 shares during the last quarter. Outlook Wealth Advisors LLC lifted its stake in Workday by 2.5% during the first quarter. Outlook Wealth Advisors LLC now owns 2,258 shares of the software maker’s stock valued at $466,000 after purchasing an additional 56 shares during the last quarter. MGO One Seven LLC lifted its stake in Workday by 3.8% during the first quarter. MGO One Seven LLC now owns 1,543 shares of the software maker’s stock valued at $319,000 after purchasing an additional 57 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Workday by 1.2% during the first quarter. Impax Asset Management Group plc now owns 4,813 shares of the software maker’s stock valued at $994,000 after purchasing an additional 57 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Workday by 3.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the software maker’s stock valued at $346,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 67.80% of the company’s stock.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 108,334 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $208.37, for a total value of $22,573,555.58. Following the completion of the sale, the insider now directly owns 216,666 shares of the company’s stock, valued at approximately $45,146,694.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Workday news, major shareholder David A. Duffield sold 108,334 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $208.37, for a total value of $22,573,555.58. Following the completion of the sale, the insider now directly owns 216,666 shares of the company’s stock, valued at approximately $45,146,694.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Aneel Bhusri sold 3,869 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $221.43, for a total transaction of $856,712.67. Following the completion of the sale, the chief executive officer now directly owns 553,893 shares of the company’s stock, valued at $122,648,526.99. The disclosure for this sale can be found here. In the last three months, insiders sold 170,957 shares of company stock valued at $36,069,800. Company insiders own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WDAY shares. Citigroup boosted their price target on shares of Workday from $220.00 to $247.00 and gave the company a “neutral” rating in a report on Friday. BNP Paribas upgraded shares of Workday from a “neutral” rating to an “outperform” rating and set a $235.00 price target on the stock in a report on Wednesday, May 24th. Piper Sandler boosted their price target on shares of Workday from $280.00 to $288.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of Workday from $205.00 to $230.00 and gave the company a “hold” rating in a report on Friday. Finally, KeyCorp boosted their price target on shares of Workday from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.59.

Read Our Latest Analysis on WDAY

Workday Price Performance

NASDAQ WDAY opened at $236.97 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $226.34 and a 200 day simple moving average of $205.75. Workday, Inc. has a 1 year low of $128.72 and a 1 year high of $240.18.

Workday (NASDAQ:WDAY – Get Free Report) last posted its quarterly earnings data on Thursday, August 24th. The software maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.17. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Workday had a negative net margin of 1.81% and a positive return on equity of 2.15%. Workday’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) EPS. On average, equities analysts expect that Workday, Inc. will post 0.74 EPS for the current fiscal year.

Workday Profile

(Free Report)

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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.