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 dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the sale, the director now directly owns 6,845 shares in the company, valued at $1,732,401.05. This represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was sold at an average price of $241.85, for a total transaction of $442,101.80.

Workday Price Performance

WDAY traded up $1.30 during trading on Monday, reaching $254.14. The stock had a trading volume of 1,830,783 shares, compared to its average volume of 1,779,127. The stock has a 50 day moving average of $261.00 and a two-hundred day moving average of $244.88. The firm has a market capitalization of $67.60 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. Workday, Inc. has a 1-year low of $199.81 and a 1-year 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.

Workday (NASDAQ:WDAY) last posted 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. The firm had revenue of $2.16 billion for 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 firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, equities analysts anticipate that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Workday

Several hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Workday by 42.8% during the second quarter. Principal Financial Group Inc. now owns 12,275 shares of the software maker’s stock worth $2,744,000 after purchasing an additional 3,679 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Workday by 14.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,468 shares of the software maker’s stock valued at $5,023,000 after acquiring an additional 2,888 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Workday by 41,800.0% in the second quarter. Larson Financial Group LLC now owns 419 shares of the software maker’s stock worth $94,000 after acquiring an additional 418 shares during the last quarter. Advisor OS LLC raised its holdings in shares of Workday by 102.8% during the second quarter. Advisor OS LLC now owns 3,652 shares of the software maker’s stock worth $816,000 after acquiring an additional 1,851 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in Workday by 28.9% during the second quarter. Lake Street Advisors Group LLC now owns 1,013 shares of the software maker’s stock valued at $226,000 after purchasing an additional 227 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Mizuho increased their target price on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price target on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Friday, September 13th. Finally, Citigroup cut their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $291.36.

About Workday

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.