Ossiam purchased a new stake in Workday Inc (NASDAQ:WDAY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 635 shares of the software maker’s stock, valued at approximately $131,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM Advisors LLC lifted its stake in Workday by 11.0% in the second quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock valued at $751,000 after buying an additional 362 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in Workday by 17.4% in the first quarter. Motley Fool Asset Management LLC now owns 3,299 shares of the software maker’s stock valued at $636,000 after buying an additional 490 shares in the last quarter. Aviva PLC raised its holdings in shares of Workday by 6.8% in the second quarter. Aviva PLC now owns 58,600 shares of the software maker’s stock valued at $12,047,000 after purchasing an additional 3,715 shares during the last quarter. Comerica Bank raised its holdings in shares of Workday by 12.1% in the second quarter. Comerica Bank now owns 5,530 shares of the software maker’s stock valued at $1,206,000 after purchasing an additional 595 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Workday by 652.0% in the second quarter. Advisory Services Network LLC now owns 564 shares of the software maker’s stock valued at $116,000 after purchasing an additional 489 shares during the last quarter. 67.24% of the stock is currently owned by hedge funds and other institutional investors.

WDAY traded down $1.02 during trading on Friday, reaching $169.36. 39,014 shares of the stock were exchanged, compared to its average volume of 2,245,707. The stock has a market cap of $39.01 billion, a P/E ratio of -139.89 and a beta of 1.56. Workday Inc has a twelve month low of $117.72 and a twelve month high of $226.83. The stock’s 50 day moving average price is $190.22 and its two-hundred day moving average price is $198.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.05). The firm had revenue of $887.75 million for the quarter, compared to analyst estimates of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. Workday’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities research analysts predict that Workday Inc will post -1.12 earnings per share for the current fiscal year.

In other Workday news, Director David A. Duffield sold 286,859 shares of Workday stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $174.34, for a total transaction of $50,010,998.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Shaughnessy sold 1,500 shares of Workday stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $219.32, for a total transaction of $328,980.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 863,053 shares of company stock worth $161,631,974. 29.80% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on WDAY shares. Monness Crespi & Hardt set a $262.00 price objective on shares of Workday and gave the company a “buy” rating in a report on Friday, August 30th. Oppenheimer lifted their price objective on shares of Workday from $216.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Morgan Stanley set a $219.00 price objective on shares of Workday and gave the company a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus lifted their price objective on shares of Workday from $195.00 to $210.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Workday from $212.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Five 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. Workday presently has an average rating of “Hold” and an average price target of $212.45.

About Workday

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.

See Also: QQQ ETF

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.