BDF Gestion Has $4.22 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

BDF Gestion lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 117.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,067 shares of the software maker's stock after purchasing an additional 9,750 shares during the quarter. BDF Gestion's holdings in Workday were worth $4,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sowell Financial Services LLC bought a new stake in shares of Workday during the 1st quarter worth $290,000. Janney Montgomery Scott LLC lifted its position in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares during the last quarter. Mission Wealth Management LP lifted its position in shares of Workday by 3.1% during the 1st quarter. Mission Wealth Management LP now owns 5,882 shares of the software maker's stock worth $1,374,000 after buying an additional 177 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Workday by 679.3% during the 1st quarter. Bank Pictet & Cie Europe AG now owns 23,963 shares of the software maker's stock worth $5,596,000 after buying an additional 20,888 shares during the last quarter. Finally, Optas LLC bought a new position in Workday in the first quarter valued at about $366,000. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,144 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $25,776,029.22. This trade represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares in the company, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,666 shares of company stock worth $38,465,025. Company insiders own 19.31% of the company's stock.

Workday Stock Down 2.5%

NASDAQ:WDAY opened at $244.54 on Monday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a market cap of $65.29 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The stock has a fifty day simple moving average of $245.50 and a 200-day simple moving average of $252.46. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. Analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on WDAY. Wells Fargo & Company dropped their target price on Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Wednesday, May 21st. The Goldman Sachs Group boosted their price objective on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Mizuho lowered their price target on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Oppenheimer reduced their price objective on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $293.54.

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.

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