BDF Gestion Sells 1,081 Shares of Workday, Inc. (NASDAQ:WDAY)

BDF Gestion lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 11.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,317 shares of the software maker’s stock after selling 1,081 shares during the period. BDF Gestion’s holdings in Workday were worth $2,146,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Workday by 179.3% in the second quarter. Creative Planning now owns 44,647 shares of the software maker’s stock valued at $9,981,000 after buying an additional 28,663 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Workday by 23.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,063 shares of the software maker’s stock worth $1,132,000 after purchasing an additional 970 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Workday by 19.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 914 shares of the software maker’s stock valued at $204,000 after buying an additional 147 shares in the last quarter. Quarry LP boosted its holdings in Workday by 63.5% in the 2nd quarter. Quarry LP now owns 273 shares of the software maker’s stock worth $61,000 after buying an additional 106 shares during the period. Finally, Truist Financial Corp grew its stake in Workday by 1.5% in the 2nd quarter. Truist Financial Corp now owns 88,588 shares of the software maker’s stock valued at $19,805,000 after buying an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the transaction, the insider now owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 over the last ninety days. 20.00% of the stock is owned by insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $265.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm has a market cap of $70.60 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34. The business has a 50 day moving average price of $261.22 and a 200-day moving average price of $248.48.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their price target on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed a “neutral” rating and set a $270.00 target price (down previously from $285.00) on shares of Workday in a report on Wednesday, November 27th. Citigroup cut their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Morgan Stanley upped their price target on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

Workday 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.