E. Ohman J or Asset Management AB Has $34.14 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

E. Ohman J or Asset Management AB raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 1,396.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,189 shares of the software maker's stock after buying an additional 136,420 shares during the period. E. Ohman J or Asset Management AB owned about 0.05% of Workday worth $34,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after acquiring an additional 2,792 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Workday in the fourth quarter worth $8,984,000. Mather Group LLC. increased its stake in shares of Workday by 11.5% in the fourth quarter. Mather Group LLC. now owns 590 shares of the software maker's stock worth $152,000 after acquiring an additional 61 shares during the period. Retirement Systems of Alabama acquired a new stake in shares of Workday in the fourth quarter worth $11,900,000. Finally, Yousif Capital Management LLC increased its stake in shares of Workday by 805.2% in the fourth quarter. Yousif Capital Management LLC now owns 23,897 shares of the software maker's stock worth $6,166,000 after acquiring an additional 21,257 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Oppenheimer cut their price objective 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. Wells Fargo & Company lowered their price target on shares of Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Friday, May 23rd. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Finally, Piper Sandler reissued a "neutral" rating and set a $255.00 price target (up from $230.00) on shares of Workday in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Workday has an average rating of "Moderate Buy" and an average price target of $293.54.

Workday Stock Performance

Shares of NASDAQ:WDAY traded up $0.18 during trading hours on Monday, hitting $252.90. The stock had a trading volume of 1,223,914 shares, compared to its average volume of 2,469,066. The stock's fifty day simple moving average is $242.59 and its 200 day simple moving average is $252.88. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm has a market capitalization of $67.52 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 3.55 and a beta of 1.24. 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 posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Mark S. Garfield sold 497 shares of Workday 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 now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director now owns 67,500 shares in the company, valued at approximately $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,838 shares of company stock valued at $61,738,776. Insiders own 19.31% of the company's stock.

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.