Insider Selling: Workday, Inc. (NASDAQ:WDAY) Director Sells 1,829 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares in the company, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Wayne A.I. Frederick also recently made the following trade(s):

• On Friday, October 11th, Wayne A.I. Frederick sold 1,828 shares of Workday stock. The shares were sold at an average price of $241.85, for a total value of $442,101.80.

Workday Price Performance

WDAY stock traded up $1.30 during trading on Monday, reaching $254.14. 1,830,783 shares of the company were exchanged, compared to its average volume of 1,779,127. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $67.60 billion, a P/E ratio of 42.15, a PEG ratio of 5.04 and a beta of 1.34. The stock’s 50 day moving average price is $261.00 and its 200 day moving average price is $244.88.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, analysts predict that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup decreased their target price on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Morgan Stanley boosted their price objective on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group increased their target price on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Bank of America cut their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Scotiabank initiated coverage on Workday in a report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $291.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WDAY. The Manufacturers Life Insurance Company increased its holdings in Workday by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after acquiring an additional 1,016,394 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after purchasing an additional 562,400 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Workday in the 3rd quarter valued at approximately $78,003,000. Finally, D1 Capital Partners L.P. grew its holdings in Workday by 152.1% during the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock valued at $115,804,000 after buying an additional 312,500 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.