BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 149,081 shares of the software maker’s stock after buying an additional 8,221 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Workday were worth $36,437,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. grew its holdings in Workday by 13.4% during the 1st quarter. Bessemer Group Inc. now owns 2,396 shares of the software maker’s stock worth $654,000 after acquiring an additional 283 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Workday during the 1st quarter worth $323,000. Canada Pension Plan Investment Board grew its stake in shares of Workday by 171.0% during the first quarter. Canada Pension Plan Investment Board now owns 73,268 shares of the software maker’s stock worth $19,984,000 after purchasing an additional 46,231 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Workday by 1.5% in the first quarter. Lazard Asset Management LLC now owns 65,005 shares of the software maker’s stock valued at $17,730,000 after buying an additional 983 shares during the last quarter. Finally, BOKF NA raised its stake in Workday by 946.2% in the first quarter. BOKF NA now owns 2,448 shares of the software maker’s stock valued at $667,000 after buying an additional 2,214 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Shares of WDAY opened at $267.75 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $247.71 and its two-hundred day moving average is $237.07. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The firm has a market capitalization of $70.95 billion, a PE ratio of 46.65, a P/E/G ratio of 5.16 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Research analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several analyst reports. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Scotiabank started coverage on shares of Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Bank of America lifted their price target on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.46.

Insiders Place Their Bets

In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the sale, the insider now owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The trade was a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at $25,381,200. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 370,575 shares of company stock worth $91,506,897. Corporate insiders own 20.00% of the company’s stock.

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.