Candriam S.C.A. Cuts Position in Workday, Inc. $WDAY

Candriam S.C.A. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,782 shares of the software maker’s stock after selling 4,140 shares during the quarter. Candriam S.C.A.’s holdings in Workday were worth $7,377,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WDAY. Finivi Inc. raised its stake in shares of Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock worth $365,000 after buying an additional 48 shares during the period. Strategic Investment Advisors MI grew its stake in Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after acquiring an additional 50 shares during the period. Sagespring Wealth Partners LLC increased its holdings in Workday by 3.0% in the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock worth $441,000 after acquiring an additional 59 shares in the last quarter. CVA Family Office LLC increased its holdings in Workday by 35.3% in the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock worth $53,000 after acquiring an additional 65 shares in the last quarter. Finally, Aspire Private Capital LLC raised its position in Workday by 1.3% during the fourth quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock worth $1,194,000 after acquiring an additional 71 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, insider Gerrit S. Kazmaier sold 2,728 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total value of $391,795.36. Following the completion of the sale, the insider directly owned 266,388 shares of the company’s stock, valued at $38,258,644.56. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $135.24, for a total transaction of $14,538,300.00. Following the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $14,206,826.76. The trade was a 50.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 766,602 shares of company stock valued at $99,108,423 in the last quarter. Corporate insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WDAY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Citigroup reiterated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Piper Sandler increased their target price on Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. UBS Group raised their target price on Workday from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company boosted their price target on Workday from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $184.00.

Workday Price Performance

WDAY stock opened at $138.95 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $129.78 and a 200-day simple moving average of $146.63. The firm has a market capitalization of $34.32 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $2.23 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts anticipate that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.