Workday, Inc. (NASDAQ:WDAY) CEO Sells $1,586,625.00 in Stock

Workday, Inc. (NASDAQ:WDAY) CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Workday Trading Up 2.0 %

NASDAQ:WDAY opened at $254.69 on Friday. The company has a fifty day moving average of $262.35 and a 200 day moving average of $245.50. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The firm has a market capitalization of $67.75 billion, a P/E ratio of 42.24, a P/E/G ratio of 5.04 and a beta of 1.34. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share 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 business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Workday, Inc. will post 2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WDAY. StockNews.com raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company increased their target price on Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Oppenheimer reissued an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in Workday during the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its holdings 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 buying an additional 43 shares in the last quarter. True Wealth Design LLC grew its position in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after buying an additional 143 shares during the period. New Millennium Group LLC increased its stake in shares of 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 in the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in shares of Workday during the second quarter valued at approximately $35,000. 89.81% of the stock is currently owned by institutional investors.

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.