Oak Thistle LLC Has $328,000 Position in Workday, Inc. (NASDAQ:WDAY)

Oak Thistle LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 65.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,466 shares of the software maker’s stock after buying an additional 582 shares during the period. Oak Thistle LLC’s holdings in Workday were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC grew its position in Workday by 17.6% during the first quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock valued at $8,849,000 after purchasing an additional 4,865 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Workday by 9.9% during the fourth quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock worth $5,912,000 after acquiring an additional 1,933 shares in the last quarter. ORG Partners LLC boosted its position in Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the last quarter. Bornite Capital Management LP purchased a new position in Workday in the fourth quarter valued at about $34,508,000. Finally, Nordea Investment Management AB increased its position in Workday by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock worth $128,851,000 after purchasing an additional 13,502 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WDAY. Morgan Stanley reduced their price target on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Canaccord Genuity Group lifted their target price on shares of Workday from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. TD Cowen dropped their price target on shares of Workday from $330.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Sanford C. Bernstein reduced their price objective on shares of Workday from $321.00 to $301.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Finally, Wells Fargo & Company increased their target price on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $288.15.

Workday Trading Down 0.4 %

Shares of WDAY opened at $253.52 on Tuesday. The stock’s 50-day moving average price is $233.14 and its 200 day moving average price is $244.36. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market capitalization of $67.18 billion, a price-to-earnings ratio of 45.68, a P/E/G ratio of 5.47 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $0.40 earnings per share. Workday’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts predict that Workday, Inc. will post 2.27 earnings per share for the current year.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the sale, the insider now owns 92,014 shares in the company, valued at approximately $20,856,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the sale, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 523,402 shares of company stock worth $119,914,724. 20.00% of the stock is currently owned by corporate insiders.

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.