BNP Paribas Purchases Shares of 27,745 Workday, Inc. (NASDAQ:WDAY)

BNP Paribas purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,745 shares of the software maker's stock, valued at approximately $7,161,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Simplicity Wealth LLC increased its stake in Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after purchasing an additional 37 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after buying an additional 41 shares during the period. Custom Index Systems LLC increased its position in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC raised its position in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after acquiring an additional 41 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on WDAY shares. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Redburn Atlantic started coverage on shares of Workday in a report on Wednesday, February 19th. They issued a "neutral" rating for the company. DA Davidson decreased their price target on Workday from $270.00 to $230.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Westpark Capital assumed coverage on Workday in a research note on Tuesday. They set a "buy" rating and a $315.00 target price on the stock. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and an average price target of $293.62.

Workday Stock Up 1.1 %

Shares of NASDAQ:WDAY traded up $2.73 during trading hours on Wednesday, hitting $250.52. The company's stock had a trading volume of 1,117,862 shares, compared to its average volume of 2,577,535. The firm's fifty day moving average price is $238.57 and its 200 day moving average price is $251.98. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a market capitalization of $66.64 billion, a price-to-earnings ratio of 41.55, 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 current ratio of 2.05 and a quick ratio of 2.05.

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

Insider Buying and Selling

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares in the company, valued at $26,729,781.44. The trade was a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock worth $77,976,126 in the last 90 days. 20.00% of the stock is owned by corporate insiders.

About Workday

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.