Mark S. Garfield Sells 497 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 497 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Workday Price Performance

Shares of NASDAQ WDAY opened at $233.32 on Wednesday. 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, Inc. has a one year low of $199.81 and a one year high of $294.00. The company’s fifty day moving average is $246.70 and its two-hundred day moving average is $252.65. The firm has a market capitalization of $62.06 billion, a P/E ratio of 38.69, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Workday

Large investors have recently added to or reduced their stakes in the business. Bristlecone Advisors LLC grew its holdings in Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the last quarter. Sanctuary Advisors LLC raised its position in Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after purchasing an additional 1,978 shares during the period. Nordea Investment Management AB raised its holdings in shares of Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after buying an additional 119,769 shares during the period. Burns Matteson Capital Management LLC purchased a new position in shares of Workday in the fourth quarter valued at $369,000. Finally, Principal Financial Group Inc. grew its stake in shares of Workday by 45.0% during the third quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker’s stock valued at $4,349,000 after acquiring an additional 5,519 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WDAY shares. Wells Fargo & Company boosted their price objective on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. KeyCorp boosted their price target on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. DA Davidson dropped their price objective on Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price target on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. 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 stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $297.14.

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.