Candriam S.C.A. Has $6.70 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Candriam S.C.A. grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,955 shares of the software maker's stock after buying an additional 1,861 shares during the quarter. Candriam S.C.A.'s holdings in Workday were worth $6,697,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in Workday in the fourth quarter valued at about $26,000. Roxbury Financial LLC acquired a new stake in Workday during the fourth quarter valued at approximately $25,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. lifted its position 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. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group increased their price objective on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Piper Sandler lifted their price target on shares of Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Loop Capital upped their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. BMO Capital Markets raised their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $302.14.

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Workday Trading Down 0.0 %

Shares of WDAY stock traded down $0.07 on Tuesday, reaching $242.93. The company had a trading volume of 2,838,173 shares, compared to its average volume of 2,422,581. The stock has a market cap of $64.62 billion, a PE ratio of 40.29, a PEG ratio of 3.55 and a beta of 1.38. The company has a 50-day moving average of $258.01 and a 200-day moving average of $256.02. 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, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 in the last quarter. Corporate insiders own 20.00% of the company's stock.

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.