Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Workday Stock Performance
WDAY stock opened at $232.34 on Tuesday. The company has a 50-day simple moving average of $247.59 and a 200 day simple moving average of $252.79. The company has a market capitalization of $61.80 billion, a P/E ratio of 38.53, a PEG ratio of 3.55 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.
Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently weighed in on WDAY. Canaccord Genuity Group upped their target price on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Jefferies Financial Group lowered their target price on Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Guggenheim reiterated a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price objective on Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, BNP Paribas raised Workday to a "strong-buy" rating in a research report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $298.75.
View Our Latest Stock Report on Workday
Institutional Trading of Workday
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in Workday during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new position in shares of Workday in the 4th quarter worth approximately $26,000. Avion Wealth raised its holdings in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Workday during the fourth quarter valued at approximately $35,000. Finally, Financial Management Professionals Inc. boosted its holdings in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares in the last quarter. Institutional investors own 89.81% of the company's stock.
About Workday
(
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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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