OMERS ADMINISTRATION Corp Acquires 1,522 Shares of Workday, Inc. (NASDAQ:WDAY)

OMERS ADMINISTRATION Corp grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,815 shares of the software maker’s stock after acquiring an additional 1,522 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Workday were worth $2,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Simplicity Wealth LLC raised its stake in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after buying an additional 37 shares during the period. Marcum Wealth LLC raised its stake in Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after acquiring an additional 41 shares during the period. Custom Index Systems LLC lifted its holdings in Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after purchasing an additional 41 shares in the last quarter. AllSquare Wealth Management LLC raised its position in shares of Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $271.17 on Thursday. 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 stock’s fifty day moving average is $239.33 and its two-hundred day moving average is $252.78. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a market capitalization of $72.13 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on WDAY. The Goldman Sachs Group upped their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Guggenheim reiterated a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Redburn Atlantic began coverage on shares of Workday in a research note on Wednesday, February 19th. They set a “neutral” rating for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $293.62.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $22,111,395.96. This represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock valued at $77,976,126 in the last three months. Company insiders own 19.31% of the company’s stock.

Workday 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.