OneDigital Investment Advisors LLC Purchases 1,895 Shares of Workday, Inc. (NASDAQ:WDAY)

OneDigital Investment Advisors LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Workday during the fourth quarter worth approximately $658,735,000. Norges Bank bought a new stake in Workday during the fourth quarter worth approximately $645,710,000. Parnassus Investments LLC boosted its position in Workday by 562.2% during the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after purchasing an additional 2,078,097 shares during the period. Finally, Geode Capital Management LLC boosted its position in Workday by 61.9% during 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 purchasing an additional 1,772,223 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer directly owned 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 331,775 shares of company stock valued at $77,836,828 over the last quarter. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Down 0.2%

Workday stock traded down $0.55 during midday trading on Monday, reaching $241.21. The stock had a trading volume of 2,278,937 shares, compared to its average volume of 2,465,313. The stock has a market capitalization of $64.40 billion, a P/E ratio of 133.27, a price-to-earnings-growth ratio of 3.65 and a beta of 1.21. The firm's fifty day simple moving average is $249.30 and its 200-day simple moving average is $249.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 5.60% and a return on equity of 8.00%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. As a group, analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, May 21st. Morgan Stanley set a $255.00 price target on shares of Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Loop Capital decreased their price target on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Finally, Piper Sandler restated a "neutral" rating and set a $255.00 target price (up previously from $230.00) on shares of Workday in a research note on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and an average price target 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.