Workday, Inc. (NASDAQ:WDAY) Shares Sold by Axa S.A.

AXA S.A. reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 405,888 shares of the software maker's stock after selling 95,951 shares during the period. AXA S.A. owned about 0.15% of Workday worth $104,731,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in shares of Workday in the fourth quarter worth $25,000. Crews Bank & Trust purchased a new position in Workday in the fourth quarter worth about $26,000. Avion Wealth increased its position in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. TCTC Holdings LLC bought a new position in Workday during the fourth quarter valued at $35,000. Finally, Rakuten Securities Inc. raised its position in Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This represents a 22.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. 19.31% of the stock is owned by corporate insiders.

Workday Stock Performance

NASDAQ WDAY traded up $9.31 during mid-day trading on Thursday, reaching $259.89. 767,680 shares of the stock were exchanged, compared to its average volume of 2,570,506. The company has a market capitalization of $69.13 billion, a P/E ratio of 43.10, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The business's 50 day moving average is $238.31 and its 200-day moving average is $251.97. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several research analyst reports. UBS Group lifted their target price on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wells Fargo & Company cut their price target on Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler decreased their target price on shares of Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Daiwa America raised shares of Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, KeyCorp upped their price target on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.62.

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.