Workday, Inc. (NASDAQ:WDAY) Insider Richard Harry Sauer Sells 3,677 Shares

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 3,677 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the transaction, the insider now directly owns 79,576 shares of the company’s stock, valued at $20,045,194.40. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Workday Trading Down 1.8 %

Shares of NASDAQ WDAY traded down $4.46 during mid-day trading on Tuesday, hitting $249.68. 2,222,449 shares of the company traded hands, compared to its average volume of 1,901,767. The business has a 50 day moving average of $261.38 and a two-hundred day moving average of $245.16. The stock 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, 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 announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, sell-side analysts anticipate 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 a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Monday, November 25th. BMO Capital Markets restated an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. Mizuho upped their target price on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Barclays cut their price target on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Bank of America decreased their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $291.36.

Hedge Funds Weigh In On Workday

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new position in Workday during the second quarter valued at approximately $35,000. Meeder Asset Management Inc. grew its position in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Asset Dedication LLC purchased a new stake in Workday in the 2nd quarter worth approximately $36,000. Finally, New Millennium Group LLC lifted its position in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds 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.