Insider Selling: Workday, Inc. (NASDAQ:WDAY) CAO Sells $117,169.28 in Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Workday Price Performance

NASDAQ:WDAY opened at $249.64 on Friday. The firm has a market cap of $66.40 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 4.51 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 current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $262.54 and its two-hundred day moving average is $246.48.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Workday’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. Research analysts expect that Workday, Inc. will post 2.64 EPS for the current year.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC grew its holdings in Workday by 17.6% in the 2nd quarter. William Blair Investment Management LLC now owns 38,149 shares of the software maker’s stock valued at $8,529,000 after buying an additional 5,707 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Workday by 26.8% in the second quarter. Brown Brothers Harriman & Co. now owns 4,791 shares of the software maker’s stock valued at $1,071,000 after purchasing an additional 1,013 shares during the period. Massachusetts Financial Services Co. MA increased its position in Workday by 0.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 25,532 shares of the software maker’s stock worth $5,708,000 after purchasing an additional 141 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Workday by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 226,117 shares of the software maker’s stock worth $50,552,000 after purchasing an additional 22,290 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WDAY. Citigroup reduced their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday. Loop Capital lowered their price objective on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. 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 note on Monday, December 9th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and raised their target price for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

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.