West Oak Capital LLC Has $6.24 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

West Oak Capital LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 17,182.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,195 shares of the software maker’s stock after purchasing an additional 24,055 shares during the quarter. Workday accounts for 1.9% of West Oak Capital LLC’s holdings, making the stock its 9th biggest position. West Oak Capital LLC’s holdings in Workday were worth $6,243,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the 3rd quarter valued at approximately $26,000. Goodman Advisory Group LLC acquired a new stake in shares of Workday in the 2nd quarter valued at approximately $35,000. Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% in the 3rd 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. New Millennium Group LLC boosted its holdings in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 2.0 %

Shares of Workday stock traded down $4.98 during midday trading on Friday, reaching $249.71. The company had a trading volume of 2,011,323 shares, compared to its average volume of 1,978,437. The stock has a fifty day moving average price of $262.35 and a 200 day moving average price of $245.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $66.42 billion, a PE ratio of 41.41, a P/E/G ratio of 5.04 and a beta of 1.34. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares in the company, valued at $68,004,810. The trade was a 16.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares of the company’s stock, valued at $30,369,458. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 438,347 shares of company stock valued at $112,778,463. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WDAY has been the subject of several research reports. Citigroup cut their price target on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. The Goldman Sachs Group raised their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. StockNews.com raised Workday from a “hold” rating to a “buy” rating in a report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Thursday, September 19th. Finally, Mizuho increased their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average price target of $292.25.

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.