Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 82,884 Shares

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 82,884 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Trading Down 1.2%

Workday stock traded down $2.61 during midday trading on Friday, reaching $207.18. The stock had a trading volume of 1,799,686 shares, compared to its average volume of 2,532,501. The stock’s 50-day simple moving average is $219.85 and its 200 day simple moving average is $228.46. Workday, Inc. has a twelve month low of $202.22 and a twelve month high of $283.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $54.49 billion, a PE ratio of 87.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the business posted $1.89 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities initiated coverage on Workday in a research note on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a report on Wednesday, November 26th. Loop Capital set a $280.00 price target on shares of Workday in a research note on Wednesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $281.59.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Advisors Asset Management Inc. increased its position in Workday by 77.2% in the first quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker’s stock worth $219,000 after buying an additional 409 shares during the period. MBB Public Markets I LLC bought a new stake in Workday in the first quarter valued at $297,000. Empowered Funds LLC boosted its holdings in shares of Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after acquiring an additional 1,206 shares during the period. Finally, Anchor Investment Management LLC grew its position in shares of Workday by 3.5% during the first quarter. Anchor Investment Management LLC now owns 7,255 shares of the software maker’s stock worth $1,694,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.