Workday, Inc. (NASDAQ:WDAY) Shares Sold by Axa S.A.

Axa S.A. decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,888 shares of the software maker’s stock after selling 95,951 shares during the quarter. Axa S.A.’s holdings in Workday were worth $104,731,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WDAY. Simplicity Wealth LLC increased its holdings in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after purchasing an additional 37 shares during the last quarter. Marcum Wealth LLC grew its holdings in Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after buying an additional 41 shares in the last quarter. Custom Index Systems LLC increased its stake in shares of Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares during the last quarter. AllSquare Wealth Management LLC raised its holdings in shares of Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after acquiring an additional 41 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. This represents a 39.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $248.68 on Friday. The business has a 50-day simple moving average of $239.28 and a 200-day simple moving average of $251.84. 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 one year low of $199.81 and a one year high of $294.00. The company has a market cap of $66.15 billion, a PE ratio of 41.24, a P/E/G ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on WDAY. UBS Group lifted their target price on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. DA Davidson decreased their price objective on Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. JMP Securities reissued a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $292.86.

Workday Company 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.