Trust Co. of Oklahoma Buys Shares of 1,258 Workday, Inc. (NASDAQ:WDAY)

Trust Co. of Oklahoma purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,258 shares of the software maker's stock, valued at approximately $294,000.

A number of other hedge funds also recently bought and sold shares of WDAY. Brighton Jones LLC grew its stake in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Workday during the 4th quarter worth about $8,984,000. Stratos Wealth Partners LTD. lifted its holdings in Workday by 60.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,407 shares of the software maker's stock worth $363,000 after buying an additional 529 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Workday by 3.1% during the 4th quarter. Bleakley Financial Group LLC now owns 3,333 shares of the software maker's stock worth $860,000 after acquiring an additional 100 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its holdings in shares of Workday by 51.6% in the 4th quarter. Moloney Securities Asset Management LLC now owns 1,905 shares of the software maker's stock valued at $492,000 after acquiring an additional 648 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Price Performance

WDAY stock traded down $0.17 on Tuesday, reaching $252.73. The company had a trading volume of 1,894,713 shares, compared to its average volume of 2,466,777. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a market cap of $67.48 billion, a P/E ratio of 41.91, a PEG ratio of 3.55 and a beta of 1.24. The company's fifty day moving average is $242.94 and its 200 day moving average is $252.78. 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 (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the previous year, the company earned $1.74 EPS. The business's quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. The trade was a 44.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on 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 sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 259,838 shares of company stock worth $61,738,776. 19.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent analyst reports. Westpark Capital boosted their target price on Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Canaccord Genuity Group upped their target price on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Oppenheimer cut their price target on shares of Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. BMO Capital Markets boosted their price target on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Piper Sandler reissued a "neutral" rating and issued a $255.00 target price (up from $230.00) on shares of Workday in a report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

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.