David A. Duffield Sells 66,492 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Workday Stock Down 0.5 %

Shares of NASDAQ WDAY opened at $254.60 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.00 and a current ratio of 2.04. The firm has a market capitalization of $67.47 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 5.56 and a beta of 1.35. The stock has a 50 day moving average price of $232.56 and a 200 day moving average price of $245.51. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Sell-side analysts expect that Workday, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WDAY. TD Cowen cut their target price on Workday from $330.00 to $290.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. BMO Capital Markets cut their target price on Workday from $338.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Piper Sandler lifted their target price on Workday from $262.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 target price on shares of Workday in a research report on Friday, August 23rd. Finally, Sanford C. Bernstein cut their target price on Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $288.15.

Hedge Funds Weigh In On Workday

Large investors have recently made changes to their positions in the business. VisionPoint Advisory Group LLC raised its stake in shares of Workday by 27.6% in the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after purchasing an additional 34 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of Workday by 9.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock valued at $106,000 after buying an additional 34 shares during the last quarter. Congress Wealth Management LLC DE lifted its holdings in Workday by 2.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 1,658 shares of the software maker’s stock valued at $458,000 after acquiring an additional 39 shares during the period. Raleigh Capital Management Inc. boosted its position in Workday by 4.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after purchasing an additional 39 shares in the last quarter. Finally, Hudson Value Partners LLC grew its stake in shares of Workday by 0.8% during the 4th quarter. Hudson Value Partners LLC now owns 5,135 shares of the software maker’s stock worth $1,418,000 after purchasing an additional 40 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Company Profile

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.