Workday Inc (NASDAQ:WDAY) Director A George Battle sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $138.06, for a total value of $1,380,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Workday Inc (WDAY) opened at $135.33 on Friday. The firm has a market capitalization of $28,648.20, a P/E ratio of -87.88 and a beta of 1.86. The company has a quick ratio of 2.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.73. Workday Inc has a fifty-two week low of $80.61 and a fifty-two week high of $140.00.
Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $582.48 million for the quarter, compared to analysts’ expectations of $573.41 million. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%. analysts expect that Workday Inc will post -1.23 earnings per share for the current year.
Several research firms have commented on WDAY. TheStreet raised Workday from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th. Royal Bank of Canada upped their price objective on Workday to $135.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Cowen reaffirmed a “market perform” rating and set a $117.00 price objective (up from $107.00) on shares of Workday in a research note on Thursday, February 22nd. Macquarie raised Workday from an “underperform” rating to a “neutral” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $145.00 price objective (up from $125.00) on shares of Workday in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average target price of $119.22.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. FNY Managed Accounts LLC grew its holdings in Workday by 607.7% during the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after buying an additional 1,185 shares during the last quarter. IBM Retirement Fund acquired a new stake in Workday during the 3rd quarter valued at $204,000. Advisor Group Inc. grew its holdings in Workday by 53.2% during the 3rd quarter. Advisor Group Inc. now owns 1,965 shares of the software maker’s stock valued at $208,000 after buying an additional 682 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Workday during the 3rd quarter valued at $208,000. Finally, Capital One National Association acquired a new stake in Workday during the 4th quarter valued at $219,000. Institutional investors and hedge funds own 70.01% of the company’s stock.
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Workday Company Profile
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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