Workday Inc (NYSE:WDAY) Director David A. Duffield sold 175,974 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $108.51, for a total value of $19,094,938.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Workday Inc (NYSE:WDAY) opened at 108.64 on Friday. The company’s 50-day moving average price is $105.92 and its 200 day moving average price is $98.33. Workday Inc has a 1-year low of $65.79 and a 1-year high of $111.45. The firm’s market cap is $22.60 billion.
Workday (NYSE:WDAY) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The company had revenue of $525.30 million for the quarter, compared to the consensus estimate of $507.44 million. During the same quarter in the previous year, the business earned ($0.04) EPS. Workday’s revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Workday Inc will post $0.83 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Workday by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after acquiring an additional 846,809 shares during the period. Tybourne Capital Management HK Ltd. grew its holdings in shares of Workday by 2.2% during the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,935,961 shares of the software maker’s stock worth $284,788,000 after acquiring an additional 62,419 shares during the period. State Street Corp grew its holdings in shares of Workday by 10.6% during the 1st quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock worth $190,552,000 after acquiring an additional 219,326 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Workday by 3.3% during the 2nd quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock worth $128,263,000 after acquiring an additional 41,800 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Workday during the 2nd quarter worth approximately $117,209,000. Institutional investors own 67.08% of the company’s stock.
A number of research analysts have commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Workday in a report on Friday, October 6th. Robert W. Baird reiterated a “buy” rating on shares of Workday in a research report on Friday, October 6th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $114.00 target price (up from $101.00) on shares of Workday in a research report on Thursday, August 31st. Piper Jaffray Companies reiterated an “overweight” rating and set a $120.00 target price (up from $115.00) on shares of Workday in a research report on Thursday, August 31st. Finally, Cowen and Company reiterated a “market perform” rating and set a $100.00 target price (up from $93.00) on shares of Workday in a research report on Thursday, August 31st. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $99.85.
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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