Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the sale, the insider now owns 284,000 shares in the company, valued at $78,188,040. The trade was a 16.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Shares of Workday stock traded up $6.21 during trading on Friday, reaching $273.04. The company's stock had a trading volume of 46,858,779 shares, compared to its average volume of 2,417,193. The business's fifty day moving average price is $256.36 and its 200-day moving average price is $240.45. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The firm has a market cap of $72.63 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. 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 (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 2.58 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Workday during the 3rd quarter valued at $26,000. SouthState Corp raised its holdings in shares of Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker's stock valued at $34,000 after buying an additional 129 shares during the last quarter. Crewe Advisors LLC lifted its position in Workday by 56.6% during the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker's stock worth $35,000 after buying an additional 56 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Workday in the 2nd quarter valued at about $35,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after purchasing an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors.
A number of brokerages have recently commented on WDAY. 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 note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Workday from $265.00 to $275.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Canaccord Genuity Group reiterated a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Friday, September 13th. DA Davidson boosted their target price on shares of Workday from $255.00 to $270.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada raised their price target on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $291.36.
Check Out Our Latest Stock Report on WDAY
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.
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