Ossiam Buys Shares of 635 Workday Inc (NASDAQ:WDAY)

Ossiam bought a new stake in shares of Workday Inc (NASDAQ:WDAY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 635 shares of the software maker’s stock, valued at approximately $131,000.

Several other institutional investors have also bought and sold shares of WDAY. Jennison Associates LLC boosted its holdings in shares of Workday by 6.8% during the 1st quarter. Jennison Associates LLC now owns 8,716,482 shares of the software maker’s stock worth $1,680,974,000 after buying an additional 552,280 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Workday by 31,200.8% in the 2nd quarter. Bessemer Group Inc. now owns 520,532 shares of the software maker’s stock worth $107,011,000 after purchasing an additional 518,869 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Workday in the 1st quarter worth $59,187,000. Victory Capital Management Inc. bought a new position in shares of Workday in the 1st quarter worth $30,087,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Workday by 2,782.8% in the 1st quarter. Neuberger Berman Group LLC now owns 139,990 shares of the software maker’s stock worth $26,997,000 after purchasing an additional 135,134 shares in the last quarter. Hedge funds and other institutional investors own 67.24% of the company’s stock.

In other news, insider Petros Dermetzis sold 6,422 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $208.35, for a total transaction of $1,338,023.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aneel Bhusri sold 6,576 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $219.15, for a total value of $1,441,130.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 863,053 shares of company stock valued at $161,631,974. Insiders own 29.80% of the company’s stock.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada set a $225.00 target price on Workday and gave the stock a “buy” rating in a report on Monday, August 26th. Piper Jaffray Companies increased their target price on Workday from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Compass Point assumed coverage on Workday in a report on Tuesday, August 13th. They issued a “buy” rating and a $238.00 target price on the stock. Canaccord Genuity increased their target price on Workday from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Mizuho set a $225.00 target price on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $212.45.

Shares of Workday stock traded down $1.02 during trading hours on Friday, hitting $169.36. 39,014 shares of the company’s stock traded hands, compared to its average volume of 2,245,707. Workday Inc has a 12-month low of $117.72 and a 12-month high of $226.83. The stock has a market capitalization of $39.01 billion, a price-to-earnings ratio of -139.89 and a beta of 1.56. The company has a fifty day simple moving average of $190.22 and a 200-day simple moving average of $198.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.05). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business had revenue of $887.75 million for the quarter, compared to analysts’ expectations of $872.44 million. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 32.2% compared to the same quarter last year. On average, analysts forecast that Workday Inc will post -1.12 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

Further Reading: Quick Ratio

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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