Oppenheimer Asset Management Inc. Lowers Holdings in Workday Inc (WDAY)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Workday Inc (NASDAQ:WDAY) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,731 shares of the software maker’s stock after selling 520 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Workday were worth $3,465,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WDAY. Dimensional Fund Advisors LP raised its stake in shares of Workday by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 107,408 shares of the software maker’s stock valued at $13,653,000 after purchasing an additional 647 shares during the period. Guggenheim Capital LLC raised its stake in shares of Workday by 2.6% during the 1st quarter. Guggenheim Capital LLC now owns 35,032 shares of the software maker’s stock valued at $4,453,000 after purchasing an additional 897 shares during the period. Millennium Management LLC bought a new stake in shares of Workday during the 1st quarter valued at $866,000. Suntrust Banks Inc. raised its stake in shares of Workday by 27.0% during the 1st quarter. Suntrust Banks Inc. now owns 17,054 shares of the software maker’s stock valued at $2,167,000 after purchasing an additional 3,623 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Workday during the 2nd quarter valued at $183,000. Institutional investors own 67.47% of the company’s stock.

In other news, SVP James P. Shaughnessy sold 4,800 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $144.08, for a total value of $691,584.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robynne Sisco sold 6,281 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $127.25, for a total value of $799,257.25. The disclosure for this sale can be found here. Insiders sold a total of 503,782 shares of company stock valued at $68,244,014 over the last quarter. Company insiders own 33.59% of the company’s stock.



Shares of NASDAQ WDAY opened at $128.02 on Wednesday. The stock has a market capitalization of $26.18 billion, a price-to-earnings ratio of -100.80 and a beta of 2.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89. Workday Inc has a twelve month low of $95.35 and a twelve month high of $157.12.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The business had revenue of $671.70 million for the quarter, compared to analyst estimates of $663.38 million. During the same period in the prior year, the company earned $0.24 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. Research analysts forecast that Workday Inc will post -1.11 EPS for the current fiscal year.

A number of research firms recently issued reports on WDAY. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. Sanford C. Bernstein upgraded Workday from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research note on Wednesday, October 17th. ValuEngine upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Barclays reiterated a “hold” rating and set a $150.00 price objective on shares of Workday in a research note on Thursday, September 6th. Finally, Deutsche Bank boosted their price objective on Workday from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $149.26.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

Further Reading: Call Option

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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