1,568 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Optas LLC

Optas LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,568 shares of the software maker's stock, valued at approximately $366,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Workday by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after buying an additional 1,772,223 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Workday by 60.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock worth $960,454,000 after acquiring an additional 1,406,088 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Workday by 1.5% during the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock valued at $911,027,000 after acquiring an additional 52,104 shares during the period. Finally, FIL Ltd grew its position in Workday by 6.5% in the 4th quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock valued at $764,575,000 after acquiring an additional 181,899 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director now directly owns 67,500 shares of the company's stock, valued at approximately $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 70,144 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $25,776,029.22. This represents a 40.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,666 shares of company stock worth $38,465,025. Insiders own 19.31% of the company's stock.

Workday Stock Down 2.5%

Shares of WDAY stock opened at $244.54 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a market capitalization of $65.29 billion, a PE ratio of 40.55, a P/E/G ratio of 3.55 and a beta of 1.24. The stock's 50-day simple moving average is $245.50 and its 200-day simple moving average is $252.46.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 EPS. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WDAY shares. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Wednesday, May 21st. Guggenheim reissued a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. Jefferies Financial Group dropped their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. BMO Capital Markets lifted their price target on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, KeyCorp lowered their price target on Workday from $335.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $293.54.

About Workday

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.

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