Workday, Inc. (NASDAQ:WDAY) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,081 shares of the software maker’s stock after purchasing an additional 8,221 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of Workday worth $36,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Workday in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the period. New Millennium Group LLC lifted its position in shares of Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares in the last quarter. SouthState Corp grew its stake in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares during the period. Finally, Crewe Advisors LLC increased its holdings in Workday by 56.6% in the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $267.75 on Friday. The business’s fifty day simple moving average is $247.71 and its 200-day simple moving average is $237.07. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.95 billion, a PE ratio of 46.65, a price-to-earnings-growth ratio of 5.16 and a beta of 1.35. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. Equities analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,575 shares of company stock valued at $91,506,897. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Loop Capital lifted their target price on shares of Workday from $255.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Barclays raised their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Finally, Needham & Company LLC reduced their price objective on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $289.46.

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.