OMERS ADMINISTRATION Corp Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

OMERS ADMINISTRATION Corp increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,815 shares of the software maker’s stock after buying 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Workday in the 4th quarter worth $5,393,000. Old Well Partners LLC bought a new position in Workday in the fourth quarter worth about $1,806,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Workday by 14.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 319,499 shares of the software maker’s stock worth $82,513,000 after purchasing an additional 40,423 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Workday by 49.4% during the fourth quarter. Lazard Asset Management LLC now owns 53,212 shares of the software maker’s stock valued at $13,730,000 after buying an additional 17,584 shares during the last quarter. Finally, Light Street Capital Management LLC bought a new stake in shares of Workday in the 4th quarter valued at about $11,551,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ:WDAY opened at $271.17 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50 day moving average price of $239.33 and a 200-day moving average price of $252.78. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm has a market cap of $72.13 billion, a price-to-earnings ratio of 44.97, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during 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%. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock worth $77,976,126 in the last 90 days. Corporate insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Workday from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group upped their target price on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Ten 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.62.

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.