David A. Duffield Sells 56,000 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.87, for a total transaction of $14,216,720.00. Following the transaction, the insider now owns 116,000 shares of the company’s stock, valued at approximately $29,448,920. This represents a 32.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Workday Price Performance

Shares of WDAY stock opened at $254.69 on Thursday. The firm has a market capitalization of $67.75 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $261.93 and a 200-day moving average of $245.44.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results 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. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WDAY. Barclays cut their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Mizuho boosted their price target on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a report on Monday. Royal Bank of Canada boosted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted their price objective on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WDAY. Capital Performance Advisors LLP bought a new stake in shares of Workday during the third quarter worth $26,000. Meeder Asset Management Inc. boosted its stake in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares during the period. True Wealth Design LLC increased its holdings in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares in the last quarter. New Millennium Group LLC raised its stake in shares of Workday by 177.4% in the 3rd 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 period. Finally, Goodman Advisory Group LLC bought a new stake in shares of Workday in the second quarter valued at about $35,000. Institutional investors 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.