Workday Inc (NASDAQ:WDAY) COO James Bozzini sold 4,972 shares of Workday stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $183.92, for a total transaction of $914,450.24. The sale was disclosed in a document filed with the SEC, which is available through this link.
WDAY stock opened at $154.54 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday Inc has a 1 year low of $117.72 and a 1 year high of $226.83. The company has a fifty day simple moving average of $172.71 and a 200 day simple moving average of $195.40. The firm has a market cap of $35.99 billion, a PE ratio of -126.67 and a beta of 1.53.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.05). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business had revenue of $887.75 million during the quarter, compared to analyst estimates of $872.44 million. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. As a group, analysts forecast that Workday Inc will post -1.16 EPS for the current fiscal year.
A number of brokerages have issued reports on WDAY. Royal Bank of Canada decreased their target price on shares of Workday from $225.00 to $212.00 and set an “outperform” rating for the company in a research note on Wednesday. Deutsche Bank decreased their target price on shares of Workday from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Wednesday. Goldman Sachs Group raised shares of Workday from a “neutral” rating to a “buy” rating and set a $223.00 target price for the company in a research note on Friday, October 11th. Monness Crespi & Hardt set a $262.00 target price on shares of Workday and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, ValuEngine lowered shares of Workday from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average target price of $211.00.
Hedge funds have recently added to or reduced their stakes in the stock. Banco de Sabadell S.A acquired a new stake in shares of Workday in the 2nd quarter valued at $31,000. Carroll Financial Associates Inc. lifted its position in Workday by 47.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after acquiring an additional 54 shares during the last quarter. Motco acquired a new position in Workday during the 2nd quarter worth $39,000. Advantage Investment Management LLC lifted its position in Workday by 89.0% during the 2nd quarter. Advantage Investment Management LLC now owns 189 shares of the software maker’s stock worth $39,000 after acquiring an additional 89 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its position in Workday by 445.7% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock worth $33,000 after acquiring an additional 156 shares during the last quarter. 66.61% of the stock is owned by institutional investors and hedge funds.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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