OneDigital Investment Advisors LLC Acquires 938 Shares of Workday, Inc. (NASDAQ:WDAY)

OneDigital Investment Advisors LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,912 shares of the software maker’s stock after purchasing an additional 938 shares during the period. OneDigital Investment Advisors LLC’s holdings in Workday were worth $7,718,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Workday by 61.9% in the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock worth $1,193,105,000 after purchasing an additional 1,772,223 shares during the last quarter. FIL Ltd boosted its position in Workday by 6.5% during the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker’s stock worth $764,575,000 after purchasing an additional 181,899 shares during the period. Clearbridge Investments LLC grew its holdings in Workday by 5.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker’s stock valued at $687,237,000 after purchasing an additional 136,211 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Workday in the fourth quarter valued at approximately $645,710,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 321,724 shares of company stock worth $77,976,126. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WDAY shares. Piper Sandler upped their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group raised their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $296.25.

Workday Stock Down 3.1 %

Shares of NASDAQ:WDAY opened at $214.10 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $56.95 billion, a P/E ratio of 35.51, a P/E/G ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company’s 50-day moving average price is $243.13 and its two-hundred day moving average price is $252.17.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.