Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield Sells 497 Shares

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Workday Trading Up 2.6 %

NASDAQ:WDAY traded up $5.83 on Monday, reaching $232.34. The stock had a trading volume of 2,579,127 shares, compared to its average volume of 2,612,184. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $61.80 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 3.55 and a beta of 1.32. The firm’s fifty day moving average is $248.47 and its two-hundred day moving average is $252.86. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. Daiwa America raised Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Loop Capital boosted their price objective on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $298.75.

Institutional Trading of Workday

Several institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC grew its stake in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after buying an additional 37 shares during the period. Marcum Wealth LLC increased its holdings in Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC raised its position in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC lifted its stake in shares of Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after purchasing an additional 41 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its position in shares of Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock worth $745,000 after buying an additional 43 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.