Workday, Inc. $WDAY Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in Workday, Inc. (NASDAQ:WDAY) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,163 shares of the software maker’s stock after selling 11,089 shares during the period. Natixis Advisors LLC’s holdings in Workday were worth $32,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Workday by 12.1% in the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Workday during the second quarter worth approximately $281,000. Finally, Savant Capital LLC boosted its position in Workday by 75.3% during the 2nd quarter. Savant Capital LLC now owns 5,987 shares of the software maker’s stock worth $1,437,000 after acquiring an additional 2,572 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDAY. Raymond James Financial reissued a “market perform” rating on shares of Workday in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Workday from $265.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Workday in a research report on Monday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Wednesday, February 25th. Finally, Jefferies Financial Group downgraded shares of Workday from a “buy” rating to a “hold” rating and dropped their price target for the stock from $325.00 to $150.00 in a research report on Monday, February 23rd. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $205.19.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares of the company’s stock, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $134.40, for a total transaction of $14,448,000.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $14,118,585.60. The trade was a 50.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 503,296 shares of company stock worth $91,729,216. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 3.8%

Shares of Workday stock opened at $142.49 on Wednesday. The business has a fifty day simple moving average of $169.27 and a 200-day simple moving average of $207.73. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 55.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $1.92 earnings per share. Workday’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

About Workday

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.