Amundi Buys 329,732 Shares of Workday, Inc. $WDAY

Amundi boosted its position in Workday, Inc. (NASDAQ:WDAY) by 36.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,226,710 shares of the software maker’s stock after acquiring an additional 329,732 shares during the quarter. Amundi’s holdings in Workday were worth $291,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC increased its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Dagco Inc. purchased a new stake in Workday in the first quarter worth approximately $31,000. Golden State Wealth Management LLC grew its position in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Workday during the second quarter worth approximately $41,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Workday during the second quarter worth approximately $42,000. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 1.5%

NASDAQ WDAY opened at $219.96 on Friday. The stock has a market cap of $57.85 billion, a P/E ratio of 92.42, a price-to-earnings-growth ratio of 2.62 and a beta of 1.15. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The stock has a 50 day simple moving average of $230.51 and a two-hundred day simple moving average of $233.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating 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 company 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 revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson reduced their target price on shares of Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Rosenblatt Securities assumed coverage on Workday in a research note on Tuesday. They set a “neutral” rating and a $235.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Macquarie restated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Finally, Evercore ISI lifted their price target on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.16.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 of the company’s stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 82,025 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $212.19, for a total value of $17,404,884.75. Following the transaction, the insider owned 105,049 shares in the company, valued at $22,290,347.31. This trade represents a 43.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 346,958 shares of company stock valued at $78,880,645 over the last quarter. 19.31% of the stock is currently owned by insiders.

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.