Workday, Inc. $WDAY Stake Lessened by Groupama Asset Managment

Groupama Asset Managment trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 56.3% during the third quarter, HoldingsChannel reports. The fund owned 3,860 shares of the software maker’s stock after selling 4,980 shares during the quarter. Groupama Asset Managment’s holdings in Workday were worth $929,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. bought a new stake in shares of Workday in the 2nd quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday during the third quarter worth about $26,000. JPL Wealth Management LLC bought a new position in shares of Workday during the third quarter worth about $30,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Workday in the third quarter worth about $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $132.58, for a total transaction of $14,252,350.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at approximately $13,927,396.42. This represents a 50.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 737,815 shares of company stock valued at $116,507,538 in the last ninety days. 19.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on WDAY shares. Wells Fargo & Company cut their price objective on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Evercore lowered Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target on the stock. in a research report on Wednesday, February 25th. Guggenheim reduced their price objective on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, TD Cowen downgraded shares of Workday from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.71.

Workday Price Performance

Shares of NASDAQ WDAY opened at $135.96 on Friday. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $157.12 and a two-hundred day moving average of $202.82. The company has a market capitalization of $34.94 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.30 and a beta of 1.16.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that Workday, Inc. will post 2.63 earnings per share 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.