Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 15,000 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 15,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the completion of the transaction, the insider now directly owns 45,000 shares in the company, valued at $10,942,650. This trade represents a 25.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Workday Stock Up 0.5 %

NASDAQ:WDAY opened at $251.91 on Wednesday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a 50-day moving average of $256.89 and a 200 day moving average of $255.30. The firm has a market cap of $67.01 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share 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 during the quarter, compared to analysts’ expectations of $2.18 billion. As a group, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Trading of Workday

Hedge funds have recently added to or reduced their stakes in the business. Roxbury Financial LLC purchased a new stake in Workday in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of Workday during the fourth quarter valued at about $26,000. Avion Wealth boosted 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 valued at $27,000 after buying an additional 86 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. Finally, TCTC Holdings LLC bought a new stake in shares of Workday in the 4th quarter valued at about $35,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WDAY. Wells Fargo & Company boosted their price target on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Redburn Atlantic began coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Loop Capital boosted their price target on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Finally, Daiwa America upgraded shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $300.36.

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.