OMERS ADMINISTRATION Corp Acquires 1,522 Shares of Workday, Inc. (NASDAQ:WDAY)

OMERS ADMINISTRATION Corp increased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 20.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,815 shares of the software maker's stock after purchasing an additional 1,522 shares during the period. OMERS ADMINISTRATION Corp's holdings in Workday were worth $2,275,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WDAY. Vanguard Group Inc. grew its stake in Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Workday by 61.9% in the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Workday by 60.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after purchasing an additional 1,406,088 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Workday by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock worth $911,027,000 after purchasing an additional 52,104 shares during the period. Finally, FIL Ltd raised its position in shares of Workday by 6.5% in the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock worth $764,575,000 after buying an additional 181,899 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. This trade represents a 44.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last quarter. Corporate insiders own 19.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their target price on Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Redburn Atlantic started coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of Workday in a research report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus target price of $293.62.

Workday Stock Down 0.6%

Shares of NASDAQ:WDAY traded down $1.66 during trading on Friday, hitting $273.05. The stock had a trading volume of 2,328,351 shares, compared to its average volume of 2,572,961. The company has a market capitalization of $72.63 billion, a PE ratio of 45.28, a PEG 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 firm's fifty day moving average is $240.57 and its 200 day moving average is $253.40. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

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

Workday Company 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.