OneDigital Investment Advisors LLC Has $7.43 Million Stake in Workday, Inc. (NASDAQ:WDAY)

OneDigital Investment Advisors LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,807 shares of the software maker's stock after purchasing an additional 1,895 shares during the period. OneDigital Investment Advisors LLC's holdings in Workday were worth $7,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the 1st quarter valued at $32,000. TCTC Holdings LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $35,000. Financial Management Professionals Inc. raised its holdings in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after acquiring an additional 54 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in 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 in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in Workday during the first quarter worth about $40,000. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was 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 directly owned 34,385 shares in the company, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares in the company, valued at approximately $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 331,775 shares of company stock worth $77,836,828. Corporate insiders own 19.31% of the company's stock.

Workday Stock Up 1.8%

WDAY stock traded up $4.29 during midday trading on Friday, reaching $242.03. The company had a trading volume of 1,301,745 shares, compared to its average volume of 2,462,966. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a 50 day moving average of $249.27 and a two-hundred day moving average of $249.67. The company has a market capitalization of $64.62 billion, a P/E ratio of 133.72, a PEG ratio of 3.65 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company's revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on WDAY. Mizuho decreased their price objective on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Piper Sandler reiterated a "neutral" rating and issued a $255.00 price target (up previously from $230.00) on shares of Workday in a research note on Friday, May 23rd. Stifel Nicolaus cut their price objective on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Jefferies Financial Group decreased their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average target price of $297.68.

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.