Workday, Inc. $WDAY Stock Position Decreased by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 7.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 133,163 shares of the software maker’s stock after selling 11,089 shares during the quarter. Natixis Advisors LLC’s holdings in Workday were worth $32,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WDAY. Rakuten Securities Inc. acquired a new position in shares of Workday in the second quarter worth about $25,000. Berbice Capital Management LLC raised its holdings in shares of Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Workday during the third quarter valued at approximately $40,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Workday in the 2nd quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their target price on Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. UBS Group decreased their target price on Workday from $170.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Sanford C. Bernstein lowered their target price on Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded Workday from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Twenty research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.19.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $142.49 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The business has a fifty day simple moving average of $169.27 and a 200 day simple moving average of $207.73. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 55.23, a P/E/G ratio of 1.44 and a beta of 1.16.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 953 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares in the company, valued at $7,405,012.16. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 503,296 shares of company stock worth $91,729,216 over the last quarter. Insiders own 20.00% of the company’s stock.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.