Olympiad Research LP Makes New $492,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Olympiad Research LP acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,907 shares of the software maker’s stock, valued at approximately $492,000.

Several other large investors have also recently added to or reduced their stakes in WDAY. Roxbury Financial LLC bought a new stake in Workday during the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Workday during the third quarter worth about $26,000. Crews Bank & Trust bought a new stake in Workday during the fourth quarter worth about $26,000. Avion Wealth grew its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 2.0 %

WDAY opened at $256.39 on Friday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s fifty day moving average is $260.75 and its two-hundred day moving average is $253.16. The firm has a market cap of $68.20 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at approximately $14,785,200. The trade was a 48.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock worth $113,142,592 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BNP Paribas raised shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Mizuho increased their price target on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Scotiabank assumed coverage on shares of Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. Bank of America decreased their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $291.11.

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.