Union Bancaire Privee UBP SA Sells 22,521 Shares of Workday, Inc. $WDAY

Union Bancaire Privee UBP SA lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 76.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,981 shares of the software maker’s stock after selling 22,521 shares during the period. Union Bancaire Privee UBP SA’s holdings in Workday were worth $1,529,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in Workday during the third quarter valued at about $26,000. JPL Wealth Management LLC acquired a new position in Workday in the 3rd quarter valued at approximately $30,000. Berbice Capital Management LLC raised its holdings in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Workday in the 3rd quarter worth approximately $40,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. The Goldman Sachs Group reduced their target price on Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Robert W. Baird set a $195.00 price target on shares of Workday in a research note on Tuesday, February 24th. Jefferies Financial Group lowered shares of Workday from a “buy” rating to a “hold” rating and lowered their price target for the company from $325.00 to $150.00 in a report on Monday, February 23rd. Finally, KeyCorp dropped their price objective on shares of Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Workday Trading Up 1.9%

Shares of WDAY opened at $135.96 on Friday. 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 stock has a market cap of $34.94 billion, a PE ratio of 52.70, a PEG ratio of 1.32 and a beta of 1.16. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The stock has a 50 day simple moving average of $157.12 and a 200-day simple moving average of $202.64.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. Workday’s quarterly revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $142.18, for a total transaction of $15,284,350.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at approximately $14,935,866.82. The trade was a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 737,815 shares of company stock valued at $116,507,538 in the last ninety days. Insiders own 19.31% of the company’s stock.

Workday Profile

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.