Natixis Advisors L.P. Sells 6,060 Shares of Workday, Inc. (NASDAQ:WDAY)

Natixis Advisors L.P. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,372 shares of the software maker’s stock after selling 6,060 shares during the quarter. Natixis Advisors L.P.’s holdings in Workday were worth $45,651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. West Family Investments Inc. acquired a new stake in shares of Workday in the 4th quarter valued at $208,000. JFG Wealth Management LLC acquired a new stake in shares of Workday during the fourth quarter worth $304,000. a16z Perennial Management L.P. acquired a new stake in shares of Workday during the fourth quarter worth $247,000. First Trust Direct Indexing L.P. grew its stake in shares of Workday by 18.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,170 shares of the software maker’s stock worth $599,000 after purchasing an additional 337 shares during the period. Finally, Summit Financial LLC grew its stake in shares of Workday by 118.4% during the fourth quarter. Summit Financial LLC now owns 13,125 shares of the software maker’s stock worth $3,623,000 after purchasing an additional 7,115 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ:WDAY traded up $4.93 during trading hours on Friday, reaching $255.78. 3,072,637 shares of the company were exchanged, compared to its average volume of 1,740,171. The company has a market capitalization of $67.53 billion, a P/E ratio of 49.67, a P/E/G ratio of 6.27 and a beta of 1.33. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50 day moving average of $269.08 and a 200 day moving average of $264.57.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Research analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 over the last 90 days. 21.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. StockNews.com cut Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. BMO Capital Markets boosted their target price on Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Guggenheim reissued a “sell” rating and issued a $190.00 target price on shares of Workday in a research note on Tuesday, February 27th. Finally, Morgan Stanley decreased their target price on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.61.

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.