David A. Duffield Sells 457,386 Shares of Workday, Inc. (WDAY) Stock
Workday, Inc. (NYSE:WDAY) Director David A. Duffield sold 457,386 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $109.35, for a total value of $50,015,159.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Workday, Inc. (WDAY) opened at 106.98 on Wednesday. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $111.45. The firm’s market cap is $22.14 billion. The firm has a 50-day moving average of $103.89 and a 200 day moving average of $94.98.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. During the same period in the prior year, the business earned ($0.04) earnings per share. Workday’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Workday, Inc. will post $0.83 earnings per share for the current year.
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Several hedge funds have recently made changes to their positions in WDAY. Renaissance Technologies LLC acquired a new position in shares of Workday during the second quarter worth approximately $117,209,000. Janus Henderson Group PLC lifted its holdings in Workday by 6,210.6% in the second quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after buying an additional 1,021,702 shares during the period. Vanguard Group Inc. lifted its holdings in Workday by 8.5% in the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock valued at $1,045,937,000 after buying an additional 846,809 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Workday by 2,792.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 391,700 shares of the software maker’s stock valued at $32,621,000 after buying an additional 378,160 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in Workday by 492.8% in the second quarter. Balyasny Asset Management LLC now owns 383,164 shares of the software maker’s stock valued at $37,167,000 after buying an additional 318,523 shares during the period. Institutional investors own 67.74% of the company’s stock.
Several analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Workday from $105.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, May 24th. UBS AG restated a “buy” rating and set a $115.00 target price (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on shares of Workday and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Cowen and Company reaffirmed a “market perform” rating and set a $100.00 price target (up previously from $93.00) on shares of Workday in a research report on Thursday, August 31st. Finally, ValuEngine raised shares of Workday from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $98.79.
Workday Company Profile
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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