Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Workday, Inc. by 4.3% in the first quarter, owning approximately 0.06% of the company worth $35.6 million.
• Following insider transactions, CEO Carl M. Eschenbach sold 6,250 shares, significantly reducing his ownership by 80.94%, while major shareholder David A. Duffield sold 73,971 shares, decreasing his stake by 41.80%.
• Workday's stock price is currently down 3.5%, with a market cap of $61.24 billion and a price-to-earnings ratio of 126.73; analysts have mixed outlooks with targets ranging from $250 to $340 per share.

Natixis Advisors LLC lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,553 shares of the software maker's stock after buying an additional 6,303 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Workday worth $35,625,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC lifted its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock valued at $793,000 after acquiring an additional 595 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Workday by 14.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,390 shares of the software maker's stock worth $3,713,000 after buying an additional 1,764 shares during the last quarter. Alliancebernstein L.P. grew its stake in Workday by 124.6% during the 4th quarter. Alliancebernstein L.P. now owns 227,752 shares of the software maker's stock worth $58,767,000 after buying an additional 126,349 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Workday by 161.7% during the 4th quarter. National Bank of Canada FI now owns 140,926 shares of the software maker's stock worth $36,365,000 after acquiring an additional 87,082 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the sale, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,581,264.02. This represents a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 329,005 shares of company stock valued at $79,203,523. 19.31% of the stock is currently owned by insiders.

Workday Stock Down 3.5%

Shares of NASDAQ:WDAY opened at $229.38 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $61.24 billion, a price-to-earnings ratio of 126.73, a PEG ratio of 3.59 and a beta of 1.21. The firm has a fifty day moving average price of $239.71 and a two-hundred day moving average price of $246.31.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 EPS. Analysts anticipate 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 reports. Citigroup cut Workday from a "neutral" rating to a "mixed" rating in a report on Friday, May 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Workday in a research report on Friday, May 23rd. Guggenheim reissued a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research report on Friday, May 23rd. Finally, DA Davidson boosted their price target on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $296.88.

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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