Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 107,500 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $149.56, for a total transaction of $16,077,700.00. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $15,711,128.44. The trade was a 50.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Workday Trading Down 0.4%
Shares of NASDAQ:WDAY opened at $143.76 on Tuesday. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $257.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $127.56 and its 200 day simple moving average is $162.04. The firm has a market cap of $35.51 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.52 and a beta of 1.09.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business posted $2.23 earnings per share. The firm's quarterly revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Workday, Inc. will post 5.41 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on WDAY shares. TD Cowen reiterated a "hold" rating on shares of Workday in a research note on Friday, May 22nd. Oppenheimer reiterated an "outperform" rating and issued a $165.00 price target on shares of Workday in a research note on Friday, May 22nd. Loop Capital set a $210.00 price target on shares of Workday in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Finally, Jefferies Financial Group lifted their price target on shares of Workday from $115.00 to $140.00 and gave the company a "hold" rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and a consensus price target of $185.03.
View Our Latest Research Report on Workday
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Auto Owners Insurance Co increased its stake in shares of Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker's stock worth $2,197,332,000 after purchasing an additional 10,190,516 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker's stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker's stock worth $1,077,537,000 after purchasing an additional 2,525,821 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Workday during the 3rd quarter worth about $556,252,000. Finally, Norges Bank acquired a new position in shares of Workday during the 4th quarter worth about $448,804,000. Institutional investors own 89.81% of the company's stock.
About Workday
(
Get Free Report)
Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday's platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.
The company's product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.
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