Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 81,275 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Stock Performance

NASDAQ WDAY opened at $226.51 on Friday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a fifty day moving average of $248.47 and a 200-day moving average of $252.81. The company has a market capitalization of $60.25 billion, a P/E ratio of 37.56, a P/E/G ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. As a group, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Trading of Workday

Hedge funds have recently bought and sold shares of the company. Crews Bank & Trust bought a new position in Workday during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new position in shares of Workday during the 4th quarter valued at $25,000. Avion Wealth grew its holdings in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. TCTC Holdings LLC bought a new stake in Workday in the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its position in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after buying an additional 66 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several research reports. Royal Bank of Canada boosted their target price on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Morgan Stanley cut Workday from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Scotiabank cut their target price on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Daiwa America upgraded shares of Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.18.

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.