Natixis Advisors LLC Sells 13,071 Shares of Workday, Inc. $WDAY

Natixis Advisors LLC lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,092 shares of the software maker’s stock after selling 13,071 shares during the quarter. Natixis Advisors LLC’s holdings in Workday were worth $25,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Vanguard Group Inc. grew its stake in shares of Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after buying an additional 3,210,232 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Workday during the third quarter worth $556,252,000. Norges Bank bought a new stake in shares of Workday during the fourth quarter worth $448,804,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after buying an additional 1,882,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Workday by 41.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after buying an additional 1,103,421 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of research reports. Rosenblatt Securities decreased their target price on shares of Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Mizuho reduced their price objective on shares of Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research note on Monday, February 9th. Finally, HC Wainwright set a $140.00 price objective on shares of Workday in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.03.

Workday Stock Performance

Shares of Workday stock opened at $147.91 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $257.09. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 1.62 and a beta of 1.09. The company’s fifty day moving average is $126.90 and its 200 day moving average is $163.18.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 5.19 EPS for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider owned 105,049 shares in the company, valued at $13,631,158.24. The trade was a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the transaction, the insider owned 165,074 shares in the company, valued at approximately $21,193,850.86. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 774,814 shares of company stock worth $101,308,591 in the last three months. Corporate insiders own 18.64% 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.