Workday, Inc. (NASDAQ:WDAY) CEO Sells $733,156.25 in Stock

Workday, Inc. (NASDAQ:WDAY) CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares of the company’s stock, valued at $2,544,814.67. This represents a 22.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Workday Trading Down 4.9 %

Shares of WDAY opened at $217.14 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock’s 50-day moving average is $254.30 and its two-hundred day moving average is $254.09. 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 stock has a market cap of $57.76 billion, a PE ratio of 36.01, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last released its quarterly earnings results 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). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Monday, March 24th. Scotiabank decreased their price target on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group boosted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Guggenheim restated a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $300.18.

Institutional Investors Weigh In On Workday

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. Bristlecone Advisors LLC grew its stake in shares of Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after acquiring an additional 968 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after purchasing an additional 1,978 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after purchasing an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in shares of Workday during the 4th quarter valued at approximately $369,000. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Workday by 387.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock worth $86,926,000 after buying an additional 282,632 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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.