Workday, Inc. (NASDAQ:WDAY) Shares Sold by Amundi

Amundi lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 24.7% during the fourth quarter, HoldingsChannel reports. The fund owned 847,373 shares of the software maker’s stock after selling 278,598 shares during the period. Amundi’s holdings in Workday were worth $215,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Roxbury Financial LLC acquired a new stake in Workday in the fourth quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Workday in the third quarter valued at $26,000. Crews Bank & Trust acquired a new stake in Workday in the fourth quarter valued at $26,000. Avion Wealth grew its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Workday by 42.2% in 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. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WDAY. Bank of America lowered their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Mizuho upped their target price on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Wednesday, February 26th. Citigroup decreased their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company increased their price objective on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.14.

Workday Stock Performance

Workday stock opened at $252.38 on Monday. The stock’s 50-day moving average is $258.39 and its 200-day moving average is $255.93. The company has a market cap of $67.13 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS 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 return on equity of 6.13% and a net margin of 19.86%. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the sale, the insider now directly owns 228,000 shares in the company, valued at approximately $60,579,600. This trade represents a 19.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock worth $113,033,319 in the last three months. 20.00% of the stock is currently owned by company insiders.

About Workday

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.