Loomis Sayles & Co. L P Sells 73,988 Shares of Workday, Inc. (NASDAQ:WDAY)

Loomis Sayles & Co. L P cut its position in Workday, Inc. (NASDAQ:WDAY) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,104,947 shares of the software maker’s stock after selling 73,988 shares during the period. Loomis Sayles & Co. L P’s holdings in Workday were worth $543,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock valued at $5,197,447,000 after buying an additional 4,517,272 shares in the last quarter. Parnassus Investments LLC boosted its stake in Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock worth $631,589,000 after purchasing an additional 2,078,097 shares during the period. Raymond James Financial Inc. purchased a new position in Workday during the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP increased its position in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after buying an additional 524,799 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $25,602,994.26. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 487,145 shares of company stock valued at $123,289,438 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Down 0.8 %

Shares of WDAY opened at $250.79 on Thursday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm’s 50-day moving average price is $257.01 and its 200-day moving average price is $255.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $66.71 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on WDAY. Canaccord Genuity Group upped their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Piper Sandler upped their price target on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Mizuho lifted their price objective on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Bank of America decreased their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Citigroup dropped their price target on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $300.36.

Workday Company 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.