Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 458,496 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $109.09, for a total value of $50,017,328.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Workday Inc (NASDAQ WDAY) opened at $114.14 on Thursday. Workday Inc has a 12 month low of $76.50 and a 12 month high of $116.89. The company has a market capitalization of $23,610.00, a price-to-earnings ratio of -79.26 and a beta of 1.83. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The firm had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $541.05 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. equities research analysts anticipate that Workday Inc will post -1.1 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Workday by 8.5% in the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after acquiring an additional 846,809 shares during the last quarter. Tybourne Capital Management HK Ltd. grew its stake in shares of Workday by 2.2% in the second quarter. Tybourne Capital Management HK Ltd. now owns 2,935,961 shares of the software maker’s stock worth $284,788,000 after acquiring an additional 62,419 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Workday in the second quarter worth $117,209,000. Janus Henderson Group PLC grew its stake in shares of Workday by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,042,200 shares of the software maker’s stock worth $109,838,000 after acquiring an additional 4,047 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Workday by 6.7% in the second quarter. Northern Trust Corp now owns 842,933 shares of the software maker’s stock worth $81,764,000 after acquiring an additional 52,663 shares during the last quarter. 66.90% of the stock is currently owned by hedge funds and other institutional investors.
WDAY has been the topic of several research analyst reports. JMP Securities cut Workday from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. FBN Securities raised Workday from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $125.00 in a research note on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and set a $114.00 target price on shares of Workday in a research note on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and set a $125.00 target price on shares of Workday in a research note on Friday, October 6th. Finally, Guggenheim reissued a “hold” rating and set a $106.00 target price on shares of Workday in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.27.
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Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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