Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 90,615 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $198.14, for a total value of $17,954,456.10. Following the sale, the insider owned 105,049 shares of the company's stock, valued at approximately $20,814,408.86. This trade represents a 46.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Stock Down 0.1%
Shares of WDAY opened at $186.05 on Thursday. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The stock has a market capitalization of $44.84 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 1.88 and a beta of 1.08. The stock has a 50 day moving average price of $169.85 and a 200 day moving average price of $143.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.
Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period in the prior year, the business earned $2.21 earnings per share. The company's quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts forecast that Workday, Inc. will post 5.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Workday
Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker's stock valued at $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker's stock valued at $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Workday in the second quarter valued at about $281,000. Finally, NewEdge Advisors LLC increased its position in Workday by 32.0% during the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker's stock worth $1,583,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Workday from $182.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Capital One Financial set a $219.00 price target on Workday and gave the stock an "equal weight" rating in a report on Friday, August 28th. Robert W. Baird lifted their target price on shares of Workday from $190.00 to $215.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Lake Street Capital set a $205.00 price target on shares of Workday in a research note on Friday, August 14th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $160.00 price objective on shares of Workday in a research report on Friday, May 22nd. Twenty analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Workday has a consensus rating of "Hold" and an average target price of $206.34.
Check Out Our Latest Analysis on Workday
Workday Company Profile
(
Get Free Report)
Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.
The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.
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