Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 15,000 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 15,000 shares of Workday stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the transaction, the insider now directly owns 45,000 shares of the company’s stock, valued at approximately $10,942,650. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $251.91 on Wednesday. The firm has a 50 day moving average of $256.89 and a 200 day moving average of $255.30. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $67.01 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Workday

Several large investors have recently added to or reduced their stakes in the company. Simplicity Wealth LLC lifted its holdings in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after purchasing an additional 37 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after buying an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its holdings in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after buying an additional 41 shares in the last quarter. AllSquare Wealth Management LLC lifted its holdings in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after buying an additional 41 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WDAY. Royal Bank of Canada lifted their price target on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Redburn Atlantic began coverage on shares of Workday in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. Wells Fargo & Company lifted their price target on shares of Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and raised their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

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.