Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 56,000 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $257.02 on Thursday. The business has a 50 day moving average price of $280.10 and a 200 day moving average price of $262.03. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28. The company has a market cap of $67.85 billion, a price-to-earnings ratio of 49.91, a PEG ratio of 6.44 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Institutional Trading of Workday

A number of hedge funds have recently modified their holdings of WDAY. Norges Bank bought a new stake in shares of Workday in the 4th quarter worth approximately $1,491,149,000. Wellington Management Group LLP lifted its position in shares of Workday by 37.4% in the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock worth $1,109,348,000 after acquiring an additional 1,406,153 shares during the period. Winslow Capital Management LLC lifted its position in shares of Workday by 76.4% in the 3rd quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker’s stock worth $496,436,000 after acquiring an additional 1,000,922 shares during the period. Morgan Stanley raised its holdings in shares of Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares in the last quarter. Finally, Amundi raised its holdings in shares of Workday by 233.9% in the 4th quarter. Amundi now owns 766,911 shares of the software maker’s stock worth $125,712,000 after buying an additional 537,196 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several research reports. Guggenheim reaffirmed a “sell” rating and issued a $190.00 price target on shares of Workday in a report on Tuesday, February 27th. Evercore ISI upped their price target on Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus upped their price target on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Citigroup lifted their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, Mizuho lifted their price objective on shares of Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

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.