Workday Inc (WDAY) Position Reduced by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. trimmed its position in Workday Inc (NASDAQ:WDAY) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,763 shares of the software maker’s stock after selling 35,006 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Workday were worth $11,459,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Captrust Financial Advisors raised its position in shares of Workday by 60.0% during the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Workday by 5.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,331 shares of the software maker’s stock valued at $213,000 after buying an additional 65 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Workday by 22.6% during the 4th quarter. Proficio Capital Partners LLC now owns 369 shares of the software maker’s stock valued at $59,000 after buying an additional 68 shares in the last quarter. North Star Investment Management Corp. raised its position in Workday by 100.0% in the 4th quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, First Personal Financial Services raised its position in Workday by 61.3% in the 4th quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock worth $42,000 after purchasing an additional 100 shares during the period. 69.74% of the stock is owned by hedge funds and other institutional investors.

WDAY has been the topic of a number of analyst reports. Cowen upgraded shares of Workday from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $160.00 to $225.00 in a research report on Friday, February 15th. Citigroup lifted their target price on shares of Workday from $106.00 to $138.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Northland Securities reiterated a “hold” rating and issued a $200.00 target price on shares of Workday in a research report on Friday, March 1st. Barclays raised their price target on shares of Workday from $180.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, March 1st. Finally, KeyCorp raised their price target on shares of Workday from $216.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $185.69.

In other Workday news, COO James Bozzini sold 11,407 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $192.95, for a total transaction of $2,200,980.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robynne Sisco sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $195.29, for a total transaction of $7,811,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,125,508 shares of company stock valued at $208,331,415. 33.59% of the stock is currently owned by insiders.

Workday stock traded down $3.19 during trading hours on Friday, hitting $187.83. The stock had a trading volume of 2,505,621 shares, compared to its average volume of 1,466,965. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $41.32 billion, a PE ratio of -153.96 and a beta of 1.80. Workday Inc has a 12-month low of $117.24 and a 12-month high of $200.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, February 28th. The software maker reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.02. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. The firm had revenue of $788.63 million during the quarter, compared to analysts’ expectations of $776.84 million. As a group, equities research analysts forecast that Workday Inc will post -1.2 EPS for the current fiscal year.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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