Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $218.58, for a total value of $12,240,480.00. Following the transaction, the insider now directly owns 730,000 shares in the company, valued at approximately $159,563,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Workday Trading Down 0.6 %
Shares of Workday stock opened at $217.38 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. Workday, Inc. has a 1 year low of $202.01 and a 1 year high of $311.28. The company has a market capitalization of $57.61 billion, a P/E ratio of 39.17, a P/E/G ratio of 5.52 and a beta of 1.33. The business has a 50 day moving average price of $234.52 and a 200 day moving average price of $264.38.
Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm posted $0.16 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts anticipate that Workday, Inc. will post 2.12 EPS for the current fiscal year.
Analyst Ratings Changes
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A number of equities analysts recently issued reports on the company. Loop Capital lowered their price target on Workday from $280.00 to $240.00 and set a "hold" rating on the stock in a report on Friday, May 24th. Stifel Nicolaus lowered their price target on Workday from $290.00 to $250.00 and set a "hold" rating on the stock in a report on Friday, May 24th. Mizuho lowered their price target on Workday from $325.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, May 24th. JPMorgan Chase & Co. lowered their price target on Workday from $300.00 to $285.00 and set an "overweight" rating on the stock in a report on Friday, May 24th. Finally, UBS Group lowered their price target on Workday from $280.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $282.11.
Get Our Latest Stock Report on WDAY
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC raised its holdings in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock valued at $25,000 after acquiring an additional 70 shares during the last quarter. VisionPoint Advisory Group LLC raised its holdings in Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker's stock valued at $26,000 after acquiring an additional 84 shares during the last quarter. Crewe Advisors LLC acquired a new position in Workday in the 1st quarter valued at $27,000. Exchange Traded Concepts LLC raised its holdings in Workday by 1,750.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker's stock valued at $31,000 after acquiring an additional 105 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker's stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Workday Company Profile
(
Get Free Report)
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.
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