Workday Inc (WDAY) Director Sells $182,476.50 in Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 1,434 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $127.25, for a total transaction of $182,476.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of WDAY opened at $127.70 on Friday. Workday Inc has a 52 week low of $95.35 and a 52 week high of $157.12. The stock has a market capitalization of $29.78 billion, a P/E ratio of -100.55 and a beta of 2.01. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.54.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. The business had revenue of $671.70 million for the quarter, compared to analyst estimates of $663.38 million. During the same quarter in the prior year, the business earned $0.24 EPS. Workday’s quarterly revenue was up 27.9% on a year-over-year basis. Equities analysts expect that Workday Inc will post -1.11 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new position in shares of Workday during the 2nd quarter worth approximately $548,000. Fiera Capital Corp grew its position in shares of Workday by 20.7% during the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock worth $485,000 after purchasing an additional 688 shares in the last quarter. Allen Investment Management LLC grew its position in shares of Workday by 18.0% during the 2nd quarter. Allen Investment Management LLC now owns 28,636 shares of the software maker’s stock worth $3,468,000 after purchasing an additional 4,372 shares in the last quarter. Northern Trust Corp grew its position in shares of Workday by 5.7% during the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock worth $115,272,000 after purchasing an additional 51,341 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of Workday by 5.9% during the 2nd quarter. Aperio Group LLC now owns 33,184 shares of the software maker’s stock worth $4,019,000 after purchasing an additional 1,863 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Workday from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine raised shares of Workday from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Sanford C. Bernstein raised shares of Workday from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a report on Wednesday. Monness Crespi & Hardt upped their target price on shares of Workday from $158.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $160.00 target price (up from $150.00) on shares of Workday in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $147.14.

About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

Further Reading: Retained Earnings

Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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