David A. Duffield Sells 2,762 Shares of Workday Inc (WDAY) Stock

Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 2,762 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $110.98, for a total value of $306,526.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Workday Inc (WDAY) opened at $114.11 on Friday. The firm has a market capitalization of $23,963.10, a PE ratio of -69.58 and a beta of 1.83. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a 1-year low of $80.61 and a 1-year high of $116.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. During the same period last year, the business posted $0.03 EPS. Workday’s revenue was up 35.6% on a year-over-year basis. sell-side analysts expect that Workday Inc will post -1.1 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of WDAY. Advisor Group Inc. lifted its stake in Workday by 22.5% in the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after purchasing an additional 236 shares during the last quarter. FNY Managed Accounts LLC lifted its stake in Workday by 607.7% in the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after purchasing an additional 1,185 shares during the last quarter. Toronto Dominion Bank lifted its stake in Workday by 15.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after purchasing an additional 201 shares during the last quarter. IBM Retirement Fund acquired a new stake in Workday in the 3rd quarter valued at about $204,000. Finally, BlueSky Wealth Advisors LLC acquired a new stake in Workday in the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 66.90% of the company’s stock.

A number of equities analysts have issued reports on WDAY shares. JMP Securities cut Workday from a “market outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. FBN Securities upgraded Workday from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Robert W. Baird reiterated a “buy” rating and set a $114.00 target price on shares of Workday in a report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $125.00 target price on shares of Workday in a report on Friday, October 6th. Finally, Guggenheim reiterated a “hold” rating and set a $106.00 target price on shares of Workday in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.81.

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About Workday

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.

Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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