Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 94,089 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 94,089 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $194.69, for a total value of $18,318,187.41. Following the sale, the insider directly owned 105,049 shares in the company, valued at approximately $20,451,989.81. This trade represents a 47.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Stock Performance

Shares of NASDAQ WDAY traded down $1.95 during midday trading on Monday, reaching $191.92. 2,023,398 shares of the stock were exchanged, compared to its average volume of 3,591,195. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 1.96 and a beta of 1.08. The firm has a 50-day simple moving average of $178.17 and a two-hundred day simple moving average of $146.76. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $2.21 earnings per share. As a group, analysts anticipate that Workday, Inc. will post 5.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. DT Investment Partners LLC acquired a new stake in shares of Workday during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Workday in the 4th quarter worth approximately $47,000. Western Wealth Management LLC purchased a new stake in shares of Workday during the 1st quarter worth approximately $39,000. Reflection Asset Management acquired a new position in shares of Workday in the 4th quarter valued at $66,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Workday in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WDAY. Monness Crespi & Hardt increased their target price on Workday from $202.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 28th. UBS Group set a $230.00 price objective on shares of Workday in a report on Friday, August 28th. Dbs Bank upgraded shares of Workday to a “hold” rating in a research report on Wednesday, September 9th. BTIG Research cut shares of Workday from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Finally, Lake Street Capital set a $205.00 price target on shares of Workday in a research report on Friday, August 14th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $206.34.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.

The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.