Axa S.A. Sells 16,533 Shares of Workday, Inc. (NASDAQ:WDAY)

Axa S.A. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 483,747 shares of the software maker’s stock after selling 16,533 shares during the quarter. Axa S.A. owned 0.18% of Workday worth $108,146,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Caxton Associates LP lifted its holdings in shares of Workday by 1,400.0% in the second quarter. Caxton Associates LP now owns 75,000 shares of the software maker’s stock valued at $16,767,000 after purchasing an additional 70,000 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Workday in the 2nd quarter valued at $741,000. Insigneo Advisory Services LLC lifted its stake in Workday by 48.8% during the 2nd quarter. Insigneo Advisory Services LLC now owns 2,584 shares of the software maker’s stock valued at $537,000 after acquiring an additional 847 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Workday by 61.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,413 shares of the software maker’s stock worth $9,035,000 after acquiring an additional 15,382 shares during the last quarter. Finally, Crow s Nest Holdings LP grew its stake in shares of Workday by 14.9% in the 2nd quarter. Crow s Nest Holdings LP now owns 270,000 shares of the software maker’s stock worth $60,361,000 after acquiring an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WDAY. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Evercore ISI cut their target price on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a report on Wednesday, September 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.48.

Workday Price Performance

WDAY stock opened at $246.95 on Wednesday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market cap of $65.44 billion, a PE ratio of 44.50, a P/E/G ratio of 4.87 and a beta of 1.35. The firm has a 50 day simple moving average of $237.96 and a two-hundred day simple moving average of $241.69.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. On average, analysts predict that Workday, Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the completion of the sale, the insider now owns 505,000 shares of the company’s stock, valued at $125,032,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $247.59, for a total value of $14,112,630.00. Following the completion of the sale, the insider now directly owns 505,000 shares of the company’s stock, valued at approximately $125,032,950. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. The disclosure for this sale can be found here. Insiders sold 467,402 shares of company stock valued at $109,864,184 in the last 90 days. Insiders own 20.00% of the company’s stock.

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.