64,084 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 64,084 shares of the software maker's stock, valued at approximately $15,663,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Workday during the 3rd quarter worth about $26,000. SouthState Corp lifted its holdings in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after acquiring an additional 129 shares during the period. Crewe Advisors LLC lifted its holdings in shares of Workday by 56.6% during 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 during the period. Goodman Advisory Group LLC purchased a new position in shares of Workday during the 2nd quarter worth about $35,000. Finally, Meeder Asset Management Inc. raised its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after buying an additional 43 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 70,003 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 5,498 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares in the company, valued at $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,463 shares of company stock worth $88,422,088. 20.00% of the stock is owned by insiders.

Workday Stock Performance

WDAY traded down $1.15 during trading hours on Friday, hitting $273.67. 2,888,858 shares of the stock were exchanged, compared to its average volume of 2,240,302. The stock has a 50-day simple moving average of $253.11 and a 200-day simple moving average of $238.37. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a market cap of $72.52 billion, a price-to-earnings ratio of 45.58, a price-to-earnings-growth ratio of 5.02 and a beta of 1.34. 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, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

WDAY has been the topic of several research reports. Stifel Nicolaus raised their price target on shares of Workday from $250.00 to $270.00 and gave the company a "hold" rating in a report on Friday, August 23rd. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Monday, November 25th. KeyCorp raised their price target on shares of Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Scotiabank initiated coverage on shares of Workday in a report on Monday, November 18th. They issued a "sector outperform" rating and a $340.00 price target on the stock. Finally, Piper Sandler restated a "neutral" rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $290.64.

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.