David A. Duffield Sells 3,997 Shares of Workday, Inc. (NYSE:WDAY) Stock
Workday, Inc. (NYSE:WDAY) Director David A. Duffield sold 3,997 shares of Workday stock in a transaction on Monday, July 17th. The shares were sold at an average price of $102.69, for a total value of $410,451.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Workday, Inc. (NYSE:WDAY) opened at 103.13 on Friday. The firm’s market cap is $21.35 billion. The company’s 50 day moving average price is $100.28 and its 200 day moving average price is $89.37. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $104.80.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The company had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. Workday’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. Analysts predict that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. Sheets Smith Wealth Management bought a new position in shares of Workday during the second quarter valued at $281,000. Diversified Trust Co acquired a new position in Workday during the second quarter worth approximately $218,000. Mn Services Vermogensbeheer B.V. boosted its position in Workday by 523.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,294 shares of the software maker’s stock worth $1,969,000 after buying an additional 17,040 shares during the last quarter. Gemmer Asset Management LLC boosted its position in Workday by 1.3% in the second quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock worth $861,000 after buying an additional 117 shares during the last quarter. Finally, National Pension Service boosted its position in Workday by 9.8% in the second quarter. National Pension Service now owns 139,194 shares of the software maker’s stock worth $13,425,000 after buying an additional 12,370 shares during the last quarter.
Several brokerages have weighed in on WDAY. J P Morgan Chase & Co lifted their target price on Workday to $115.00 and gave the company an “overweight” rating in a research note on Thursday, July 13th. Canaccord Genuity reissued a “buy” rating and issued a $115.00 price objective on shares of Workday in a research note on Friday, July 7th. BidaskClub downgraded Workday from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Mitsubishi UFJ Financial Group set a $106.00 price objective on Workday and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $100.00 price objective (up previously from $91.00) on shares of Workday in a research note on Saturday, June 3rd. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.44.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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