Axa S.A. Sells 35,191 Shares of Workday, Inc. $WDAY

Axa S.A. lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,863 shares of the software maker’s stock after selling 35,191 shares during the quarter. Axa S.A.’s holdings in Workday were worth $29,967,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of Workday by 3.3% during the 2nd quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock valued at $2,304,124,000 after purchasing an additional 303,713 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Workday by 12.6% in the second quarter. Daiwa Securities Group Inc. now owns 52,034 shares of the software maker’s stock worth $12,489,000 after buying an additional 5,805 shares in the last quarter. L2 Asset Management LLC grew its position in Workday by 6.6% during the second quarter. L2 Asset Management LLC now owns 958 shares of the software maker’s stock valued at $230,000 after acquiring an additional 59 shares during the last quarter. Temasek Holdings Private Ltd purchased a new position in shares of Workday during the second quarter worth approximately $4,290,000. Finally, Natixis lifted its holdings in shares of Workday by 1,593.6% in the 2nd quarter. Natixis now owns 54,061 shares of the software maker’s stock worth $12,975,000 after acquiring an additional 50,869 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 346,958 shares of company stock valued at $78,880,645. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WDAY. Royal Bank Of Canada dropped their target price on Workday from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Wells Fargo & Company cut their target price on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays lowered their price target on shares of Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and increased their price target for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Finally, Canaccord Genuity Group decreased their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $281.16.

Workday Stock Up 0.6%

Shares of NASDAQ:WDAY opened at $222.25 on Wednesday. The firm has a market capitalization of $58.45 billion, a P/E ratio of 93.38, a P/E/G ratio of 2.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a 50 day moving average price of $229.61 and a 200-day moving average price of $233.00. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $283.68.

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

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.