Workday, Inc. (NASDAQ:WDAY) Director Sells $1,809,975.00 in Stock

Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the sale, the director now directly owns 75,000 shares in the company, valued at $18,099,750. The trade was a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Workday Price Performance

Shares of WDAY opened at $252.50 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $67.17 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The stock’s 50-day moving average price is $256.84 and its two-hundred day moving average price is $255.28. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Citigroup decreased their price target on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. KeyCorp upped their target price on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price objective on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, Barclays dropped their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

Hedge Funds Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the company. Bristlecone Advisors LLC grew its stake in Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after acquiring an additional 968 shares during the period. Sanctuary Advisors LLC grew its position in shares of Workday by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after purchasing an additional 1,978 shares during the period. Nordea Investment Management AB increased its stake in Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after purchasing an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Workday during the 4th quarter worth approximately $369,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after buying an additional 282,632 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

About Workday

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.