Workday, Inc. (NASDAQ:WDAY) Insider Sells $738,934.52 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the transaction, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Workday Trading Down 1.7 %

Shares of WDAY stock opened at $240.90 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $241.97 and its two-hundred day moving average is $239.04. The company has a market capitalization of $63.84 billion, a P/E ratio of 43.41, a price-to-earnings-growth ratio of 4.87 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Equities analysts forecast that Workday, Inc. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WDAY. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Stifel Nicolaus increased their price target on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley reduced their price target on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Barclays increased their price target on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

Institutional Trading of Workday

Several hedge funds have recently modified their holdings of WDAY. Raleigh Capital Management Inc. raised its holdings in Workday by 4.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after purchasing an additional 39 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Workday by 4.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after purchasing an additional 43 shares during the last quarter. Diversified Trust Co raised its holdings in Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after purchasing an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Workday by 3.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after purchasing an additional 48 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after purchasing an additional 49 shares during the last quarter. 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.