Union Bancaire Privee UBP SA Sells 22,521 Shares of Workday, Inc. $WDAY

Union Bancaire Privee UBP SA trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 76.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,981 shares of the software maker’s stock after selling 22,521 shares during the period. Union Bancaire Privee UBP SA’s holdings in Workday were worth $1,529,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new stake in Workday in the third quarter worth $30,000. Berbice Capital Management LLC increased its position in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in Workday during the third quarter worth $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 1.9%

WDAY stock opened at $135.96 on Friday. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.32 and a beta of 1.16. The company has a 50-day moving average of $157.12 and a two-hundred day moving average of $202.64. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total value of $784,616.07. Following the completion of the sale, the insider directly owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. The trade was a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 737,815 shares of company stock worth $116,507,538. Insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WDAY shares. Weiss Ratings cut Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Loop Capital set a $210.00 price objective on Workday in a report on Thursday, March 12th. Piper Sandler cut their price objective on Workday from $200.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Sanford C. Bernstein reduced their target price on Workday from $298.00 to $214.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, Citigroup decreased their target price on Workday from $247.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Nineteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Workday Company 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.