Workday, Inc. $WDAY Shares Acquired by Groupama Asset Managment

Groupama Asset Managment lifted its position in Workday, Inc. (NASDAQ:WDAY) by 336.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,840 shares of the software maker’s stock after buying an additional 6,815 shares during the quarter. Groupama Asset Managment’s holdings in Workday were worth $2,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Workday by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock valued at $5,067,404,000 after acquiring an additional 515,529 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after purchasing an additional 140,042 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 0.2%

NASDAQ:WDAY opened at $215.69 on Friday. The stock has a 50-day simple moving average of $233.23 and a 200-day simple moving average of $235.97. The stock has a market cap of $57.59 billion, a P/E ratio of 90.63, a P/E/G ratio of 2.67 and a beta of 1.11. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.10 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. As a group, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider directly owned 90,077 shares in the company, valued at $21,246,461.99. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WDAY shares. Raymond James Financial began coverage on shares of Workday in a report on Friday, November 21st. They set a “market perform” rating on the stock. Bank of America decreased their target price on Workday from $295.00 to $278.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. TD Cowen cut their price target on Workday from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Workday in a research report on Wednesday. Finally, BMO Capital Markets decreased their price objective on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.70.

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.