OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 20,900 Workday, Inc. (NASDAQ:WDAY)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,900 shares of the software maker's stock, valued at approximately $5,393,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Simplicity Wealth LLC boosted its holdings in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after purchasing an additional 37 shares during the period. Marcum Wealth LLC boosted its holdings in Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after purchasing an additional 41 shares during the period. Custom Index Systems LLC boosted its holdings in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

NASDAQ:WDAY traded down $1.66 during trading hours on Friday, reaching $273.05. 2,328,351 shares of the company's stock were exchanged, compared to its average volume of 2,572,961. 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 $72.63 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $240.57 and a 200 day moving average of $253.40.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 now owns 34,385 shares of the company's stock, 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. In the last quarter, insiders sold 321,724 shares of company stock worth $77,976,126. Company insiders own 19.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on WDAY shares. Scotiabank dropped their price objective on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Guggenheim reissued a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Daiwa America raised shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer increased their price objective on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $293.62.

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.