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

Trust Co. of Oklahoma acquired a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,258 shares of the software maker's stock, valued at approximately $294,000.

Other large investors have also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of Workday in the 4th quarter valued at approximately $25,000. Avion Wealth lifted its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC purchased a new position in shares of Workday in the 4th quarter valued at approximately $35,000. Rakuten Securities Inc. lifted its stake in shares of Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in shares of Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after purchasing an additional 54 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 71,672 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,602,994.26. The trade was a 41.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,338 shares of company stock valued at $56,281,251 over the last 90 days. Company insiders own 19.31% of the company's stock.

Workday Stock Performance

Shares of WDAY traded down $6.15 during trading hours on Friday, hitting $244.54. The stock had a trading volume of 2,199,157 shares, compared to its average volume of 2,462,165. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a market capitalization of $65.29 billion, a PE ratio of 40.55, a PEG ratio of 3.55 and a beta of 1.24. The stock has a fifty day moving average price of $244.82 and a 200 day moving average price of $252.65.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Loop Capital lowered their target price on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets raised their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. DA Davidson raised their target price on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Canaccord Genuity Group lifted their price objective on Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, JMP Securities reiterated a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and a consensus price target 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.