Workday, Inc. (NASDAQ:WDAY) Holdings Lifted by Candriam S.C.A.

Candriam S.C.A. boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,955 shares of the software maker’s stock after buying an additional 1,861 shares during the quarter. Candriam S.C.A.’s holdings in Workday were worth $6,697,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WDAY. Roxbury Financial LLC acquired a new position in shares of Workday in the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Workday during the 3rd quarter worth about $26,000. Crews Bank & Trust acquired a new stake in Workday during the 4th quarter worth about $26,000. Avion Wealth boosted its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WDAY shares. UBS Group raised their price target on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Loop Capital raised their price objective on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, February 26th. Royal Bank of Canada lifted their price objective on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $302.14.

Insiders Place Their Bets

In other news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the transaction, the insider now owns 284,000 shares in the company, valued at approximately $78,188,040. The trade was a 16.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,829 shares of company stock valued at $113,033,319. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Down 0.5 %

Shares of WDAY opened at $252.38 on Friday. The company has a market capitalization of $67.13 billion, a PE ratio of 41.85, a PEG ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock’s 50-day moving average price is $258.39 and its two-hundred day moving average price is $255.61. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

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.