Traders Buy Shares of Workday (WDAY) on Weakness

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Traders bought shares of Workday Inc (NASDAQ:WDAY) on weakness during trading on Friday. $171.07 million flowed into the stock on the tick-up and $93.25 million flowed out of the stock on the tick-down, for a money net flow of $77.82 million into the stock. Of all stocks tracked, Workday had the 31st highest net in-flow for the day. Workday traded down ($0.35) for the day and closed at $186.69

A number of brokerages recently commented on WDAY. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price target on shares of Workday in a research report on Friday, March 1st. Deutsche Bank raised their target price on Workday from $155.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Barclays raised their target price on Workday from $180.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, March 1st. Wedbush raised their target price on Workday from $156.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Citigroup raised their target price on Workday from $106.00 to $138.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $187.86.

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $40.96 billion, a P/E ratio of -153.02 and a beta of 1.82.

In related news, insider Petros Dermetzis sold 2,257 shares of Workday stock in a transaction on Monday, March 4th. The stock was sold at an average price of $179.64, for a total transaction of $405,447.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James P. Shaughnessy sold 4,800 shares of Workday stock in a transaction on Monday, March 11th. The shares were sold at an average price of $184.98, for a total value of $887,904.00. The disclosure for this sale can be found here. Insiders sold 963,820 shares of company stock valued at $167,287,222 over the last ninety days. Corporate insiders own 33.59% of the company’s stock.

A number of large investors have recently bought and sold shares of WDAY. Stratos Wealth Partners LTD. bought a new stake in Workday during the third quarter valued at $185,000. Cambridge Investment Research Advisors Inc. boosted its stake in Workday by 8.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,306 shares of the software maker’s stock valued at $1,650,000 after buying an additional 916 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Workday by 2.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 25,756 shares of the software maker’s stock valued at $3,760,000 after buying an additional 600 shares during the period. Achmea Investment Management B.V. bought a new stake in Workday during the third quarter valued at $697,000. Finally, SG Americas Securities LLC boosted its stake in Workday by 143.6% during the third quarter. SG Americas Securities LLC now owns 61,914 shares of the software maker’s stock valued at $9,038,000 after buying an additional 36,499 shares during the period. 69.19% of the stock is owned by institutional investors.

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Workday Company Profile (NASDAQ:WDAY)

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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