Workday, Inc. (NASDAQ:WDAY) Insider Sells $926,236.30 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 3,677 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total transaction of $926,236.30. Following the completion of the sale, the insider now directly owns 79,576 shares in the company, valued at $20,045,194.40. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Workday Stock Down 1.8 %

NASDAQ:WDAY traded down $4.46 during mid-day trading on Tuesday, hitting $249.68. The company had a trading volume of 2,222,449 shares, compared to its average volume of 1,901,767. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The business has a fifty day simple moving average of $261.38 and a 200-day simple moving average of $245.16. 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 $66.41 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 5.04 and a beta of 1.34.

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, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. Equities analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Bank of America dropped their price target on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Scotiabank began coverage on shares of Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company boosted their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $291.36.

Hedge Funds Weigh In On Workday

Institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Workday in the third quarter valued at $26,000. Goodman Advisory Group LLC bought a new stake in shares of Workday in the 2nd quarter valued at approximately $35,000. Meeder Asset Management Inc. raised its position in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. Asset Dedication LLC acquired a new position in Workday in the second quarter worth $36,000. Finally, New Millennium Group LLC increased its stake in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

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.