Workday, Inc. (NASDAQ:WDAY) Director Sells $1,809,975.00 in Stock

Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now directly owns 75,000 shares of the company’s stock, valued at $18,099,750. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Workday Trading Up 2.6 %

Shares of NASDAQ WDAY opened at $250.62 on Tuesday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market capitalization of $66.66 billion, a PE ratio of 41.56, a PEG ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $256.84 and a two-hundred day moving average price of $255.38.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WDAY. KeyCorp raised their price objective on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective 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. Finally, Redburn Atlantic began coverage on shares of Workday in a research note on Wednesday, February 19th. They set a “neutral” rating on the stock. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock valued at $5,197,447,000 after buying an additional 4,517,272 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after buying an additional 480,459 shares during the last quarter. State Street Corp lifted its holdings in shares of Workday by 1.4% during the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock valued at $1,183,611,000 after buying an additional 67,380 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock valued at $1,193,105,000 after buying an additional 1,772,223 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 60.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker’s stock valued at $960,454,000 after buying an additional 1,406,088 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

About Workday

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.