Natixis Advisors LLC Reduces Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Natixis Advisors LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 14.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 146,250 shares of the software maker’s stock after selling 24,286 shares during the period. Natixis Advisors LLC’s holdings in Workday were worth $37,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bristlecone Advisors LLC lifted its position in shares of Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after buying an additional 1,978 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after buying an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in shares of Workday during the 4th quarter valued at about $369,000. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Workday by 387.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after buying an additional 282,632 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the sale, the insider now owns 228,000 shares of the company’s stock, valued at $60,579,600. This represents a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 in the last quarter. 20.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WDAY. UBS Group boosted their price target on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. KeyCorp boosted their price target on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, Citigroup lowered their price target on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Price Performance

WDAY opened at $244.17 on Monday. The business has a fifty day moving average of $256.91 and a 200 day moving average of $255.46. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $64.95 billion, a P/E ratio of 40.49, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last posted 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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. As a group, sell-side 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.