Natixis Advisors LLC Sells 24,286 Shares of Workday, Inc. (NASDAQ:WDAY)

Natixis Advisors LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,250 shares of the software maker’s stock after selling 24,286 shares during the period. Natixis Advisors LLC owned about 0.05% of Workday worth $37,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Frank Rimerman Advisors LLC grew its position in Workday by 11.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,971 shares of the software maker’s stock valued at $1,283,000 after acquiring an additional 517 shares during the last quarter. Copperwynd Financial LLC grew its position in Workday by 9.0% during the fourth quarter. Copperwynd Financial LLC now owns 3,968 shares of the software maker’s stock valued at $1,024,000 after acquiring an additional 326 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Workday during the fourth quarter valued at approximately $1,047,000. Ironwood Investment Counsel LLC grew its position in Workday by 11.4% during the fourth quarter. Ironwood Investment Counsel LLC now owns 17,997 shares of the software maker’s stock valued at $4,644,000 after acquiring an additional 1,836 shares during the last quarter. Finally, LBP AM SA grew its position in Workday by 0.6% during the fourth quarter. LBP AM SA now owns 40,583 shares of the software maker’s stock valued at $10,472,000 after acquiring an additional 227 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group increased their price objective on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and increased their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Finally, Citigroup dropped their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $302.14.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $244.17 on Monday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $256.91 and a 200-day moving average price of $255.46. The company has a market capitalization of $64.95 billion, a PE ratio of 40.49, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. As a group, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,215,826.41. This trade represents a 40.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is owned by corporate insiders.

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.