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

OneDigital Investment Advisors LLC raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC purchased a new stake in Workday during the 4th quarter valued at approximately $35,000. Farmers & Merchants Investments Inc. acquired a new position in Workday during the first quarter worth about $32,000. Rakuten Securities Inc. increased its position in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares in the last quarter. Financial Management Professionals Inc. raised its stake in 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 last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday during the first quarter worth approximately $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Friday, May 23rd. Westpark Capital lifted their price target on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Stifel Nicolaus dropped their price objective on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Finally, KeyCorp cut their target price on Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $297.68.

Workday Stock Performance

Workday stock traded down $1.24 during mid-day trading on Monday, reaching $240.53. The company's stock had a trading volume of 1,294,227 shares, compared to its average volume of 2,461,674. The firm has a market cap of $64.22 billion, a price-to-earnings ratio of 132.86, a PEG ratio of 3.65 and a beta of 1.21. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The business has a 50 day moving average price of $249.27 and a 200-day moving average price of $249.42. 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 (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping the consensus estimate of $2.01 by $0.22. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. Workday's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders have sold 331,775 shares of company stock valued at $77,836,828 over the last quarter. Company insiders own 20.00% of the company's stock.

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.