Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David A. Duffield sold 64,162 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $271.67, for a total value of $17,430,890.54. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $27,981,194.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Workday Stock Performance
Shares of WDAY stock opened at $268.83 on Thursday. The business's fifty day simple moving average is $286.17 and its 200-day simple moving average is $259.54. The company has a market cap of $70.97 billion, a PE ratio of 52.20, a PEG ratio of 6.79 and a beta of 1.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The business's quarterly revenue was up 16.8% on a year-over-year basis. Analysts expect that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.
Analyst Ratings Changes
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WDAY has been the topic of a number of analyst reports. Guggenheim reaffirmed a "sell" rating and set a $190.00 target price on shares of Workday in a research note on Tuesday, February 27th. Citigroup boosted their price target on Workday from $270.00 to $293.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. Mizuho boosted their price target on Workday from $290.00 to $325.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price target on Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their price target on Workday from $250.00 to $290.00 and gave the company a "hold" rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and an average target price of $293.61.
Check Out Our Latest Analysis on WDAY
Hedge Funds Weigh In On Workday
Hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC acquired a new position in shares of Workday in the 2nd quarter valued at $66,000. Beacon Capital Management LLC increased its position in shares of Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock valued at $25,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Workday by 1,750.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker's stock valued at $31,000 after acquiring an additional 105 shares during the period. CVA Family Office LLC acquired a new position in shares of Workday in the 4th quarter valued at $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Workday in the 1st quarter valued at $25,000. 89.81% of the stock is owned by institutional investors and hedge funds.
About Workday
(
Get Free Report)
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.
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