Workday Inc (NASDAQ:WDAY) Director Michael M. Mcnamara sold 3,869 shares of Workday stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $165.38, for a total transaction of $639,855.22. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NASDAQ WDAY traded down $6.31 during midday trading on Friday, reaching $161.82. The company had a trading volume of 74,767 shares, compared to its average volume of 2,486,948. The stock has a market cap of $35.81 billion, a P/E ratio of -127.02 and a beta of 2.06. Workday Inc has a 1 year low of $100.24 and a 1 year high of $172.67. The company has a current ratio of 1.10, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, November 29th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.76. The business had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $723.38 million. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. As a group, sell-side analysts forecast that Workday Inc will post -1.04 earnings per share for the current year.
A number of brokerages recently weighed in on WDAY. Canaccord Genuity lifted their price objective on shares of Workday from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. BMO Capital Markets lifted their price objective on shares of Workday from $137.00 to $165.00 and gave the company a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. JMP Securities cut their price objective on shares of Workday from $175.00 to $152.95 and set an “outperform” rating on the stock in a research note on Wednesday, September 5th. They noted that the move was a valuation call. BidaskClub lowered Workday from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Wedbush reaffirmed a “neutral” rating and set a $124.00 target price (down from $152.00) on shares of Workday in a report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $155.50.
Several large investors have recently added to or reduced their stakes in WDAY. Capital Research Global Investors increased its stake in shares of Workday by 977.4% in the third quarter. Capital Research Global Investors now owns 3,150,040 shares of the software maker’s stock worth $459,843,000 after acquiring an additional 2,857,657 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in shares of Workday in the third quarter worth $62,598,000. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 3,083,669 shares of the software maker’s stock worth $450,154,000 after acquiring an additional 264,048 shares during the period. Jennison Associates LLC increased its stake in shares of Workday by 3.4% in the third quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock worth $1,124,261,000 after acquiring an additional 252,921 shares during the period. Finally, Scout Investments Inc. acquired a new stake in shares of Workday in the third quarter worth $21,033,000. Hedge funds and other institutional investors own 68.92% of the company’s stock.
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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.
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