Insider Selling: Workday, Inc. (NASDAQ:WDAY) CAO Sells 472 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Workday Price Performance

WDAY opened at $249.64 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a 50-day moving average of $262.54 and a 200-day moving average of $246.48. The company has a market capitalization of $66.40 billion, a P/E ratio of 41.40, a PEG ratio of 4.51 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 2.64 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the subject of several research reports. Citigroup decreased their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday. Scotiabank started coverage on shares of Workday in a report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price on the stock. Loop Capital lowered their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Royal Bank of Canada raised their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $292.25.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in Workday by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,575 shares of the software maker’s stock worth $5,567,000 after purchasing an additional 2,347 shares during the period. Park Place Capital Corp raised its holdings in shares of Workday by 13.6% during the fourth quarter. Park Place Capital Corp now owns 592 shares of the software maker’s stock worth $153,000 after purchasing an additional 71 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Workday by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 23,962 shares of the software maker’s stock worth $6,183,000 after buying an additional 112 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Workday by 4.2% in the 4th quarter. Simon Quick Advisors LLC now owns 1,377 shares of the software maker’s stock valued at $355,000 after buying an additional 56 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in shares of Workday during the 4th quarter valued at about $344,000. 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.