Oddo BHF Asset Management Sas Makes New $15.66 Million Investment in Workday, Inc. (NASDAQ:WDAY)

Oddo BHF Asset Management Sas purchased a new stake in Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 64,084 shares of the software maker’s stock, valued at approximately $15,663,000.

A number of other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Workday by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after buying an additional 43 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in Workday by 5.2% during the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after buying an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in Workday by 3.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after buying an additional 48 shares during the last quarter. Finally, Aspen Investment Management Inc increased its holdings in shares of Workday by 3.1% during the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock worth $369,000 after buying an additional 50 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WDAY. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets restated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. Wells Fargo & Company upped their price target on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.64.

Insider Transactions at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $245.36, for a total value of $13,740,160.00. Following the completion of the sale, the insider now owns 449,000 shares in the company, valued at $110,166,640. The trade was a 11.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 361,463 shares of company stock valued at $88,422,088 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Performance

WDAY stock opened at $274.82 on Friday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $72.83 billion, a PE ratio of 45.58, a P/E/G ratio of 5.02 and a beta of 1.34. The business’s 50-day moving average price is $253.11 and its two-hundred day moving average price is $238.37.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $0.47 EPS. Workday’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current year.

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.