Workday (NASDAQ:WDAY) Insider Sells $237,300.00 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the sale, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. This represents a 1.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Workday Stock Up 0.4%

Shares of WDAY traded up $0.81 during trading hours on Wednesday, reaching $211.11. The stock had a trading volume of 1,599,575 shares, compared to its average volume of 3,474,164. The firm has a 50-day simple moving average of $221.37 and a 200 day simple moving average of $228.92. Workday, Inc. has a 12 month low of $202.22 and a 12 month high of $283.68. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $55.52 billion, a price-to-earnings ratio of 88.70, a P/E/G ratio of 2.36 and a beta of 1.14.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. purchased a new stake in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday in the third quarter valued at about $26,000. JPL Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter valued at approximately $30,000. Berbice Capital Management LLC grew its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WDAY. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their target price on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday. Sanford C. Bernstein decreased their price target on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. BTIG Research started coverage on Workday in a research report on Tuesday, December 16th. They issued a “buy” rating and a $285.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $281.59.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.