Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares in the company, valued at approximately $17,797,342.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Workday Price Performance
NASDAQ WDAY opened at $271.10 on Wednesday. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The stock has a market cap of $71.57 billion, a price-to-earnings ratio of 52.64, a price-to-earnings-growth ratio of 6.70 and a beta of 1.32. The company has a 50-day moving average price of $283.73 and a two-hundred day moving average price of $260.67. 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 (NASDAQ:WDAY - Get Free Report) last released its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) earnings per share. Analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.
Institutional Investors Weigh In On Workday
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Hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC purchased a new stake in shares of Workday in the 2nd quarter valued at approximately $66,000. Beacon Capital Management LLC lifted 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 in the last quarter. Exchange Traded Concepts LLC lifted 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 in the last quarter. CVA Family Office LLC acquired a new position in shares of Workday during the 4th quarter worth $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Workday during the 1st quarter worth $25,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
WDAY has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Workday from $270.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. StockNews.com lowered shares of Workday from a "strong-buy" rating to a "buy" rating in a report on Monday. UBS Group reduced their target price on shares of Workday from $315.00 to $300.00 and set a "neutral" rating on the stock in a report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Workday from $290.00 to $338.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $293.61.
Get Our Latest Report on Workday
Workday Company Profile
(
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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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