Oddo BHF Asset Management Sas Buys New Shares in Workday, Inc. (NASDAQ:WDAY)

Oddo BHF Asset Management Sas purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, Holdings Channel reports. The fund purchased 64,084 shares of the software maker’s stock, valued at approximately $15,663,000.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. Kingsview Wealth Management LLC increased its position in Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after buying an additional 43 shares during the last quarter. Opal Wealth Advisors LLC increased its position in Workday by 5.2% during the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after buying an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the period. Finally, Aspen Investment Management Inc lifted its position in shares of Workday by 3.1% in the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after buying an additional 50 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WDAY shares. Loop Capital decreased their target price on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. DA Davidson upped their price objective on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. KeyCorp increased their price objective on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 target price on shares of Workday in a report on Tuesday, December 3rd. Finally, Barclays decreased their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average target price of $290.64.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 70,003 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This represents a 40.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 361,463 shares of company stock valued at $88,422,088. Corporate insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $274.82 on Friday. The firm has a 50 day moving average of $253.11 and a 200-day moving average of $238.37. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $72.83 billion, a PE ratio of 45.58, a PEG ratio of 5.02 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Workday, Inc. will post 2.58 EPS for the current fiscal year.

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.