Insider Selling: Workday Inc (WDAY) SVP Sells $663,139.23 in Stock

Workday Inc (NASDAQ:WDAY) SVP James P. Shaughnessy sold 6,409 shares of Workday stock in a transaction on Friday, December 15th. The stock was sold at an average price of $103.47, for a total value of $663,139.23. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Workday Inc (WDAY) opened at $102.89 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11. Workday Inc has a 52-week low of $65.79 and a 52-week high of $116.89.

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

A number of research analysts recently commented on the company. BidaskClub downgraded Workday from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $120.00 target price (up previously from $115.00) on shares of Workday in a research report on Thursday, August 31st. Northland Securities restated a “hold” rating and set a $90.00 price target on shares of Workday in a report on Sunday, October 29th. Jefferies Group reiterated a “hold” rating and issued a $101.00 target price on shares of Workday in a report on Friday, December 1st. Finally, Cowen reissued a “market perform” rating and issued a $100.00 price target (up from $93.00) on shares of Workday in a research note on Thursday, August 31st. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have given a buy rating to the stock. Workday currently has an average rating of “Hold” and an average target price of $103.03.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB increased its position in Workday by 2.5% during the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after acquiring an additional 83 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after purchasing an additional 97 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Workday by 2.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after purchasing an additional 126 shares in the last quarter. IFP Advisors Inc raised its stake in Workday by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after acquiring an additional 176 shares during the last quarter. Finally, First Personal Financial Services raised its stake in Workday by 21.2% in the 2nd quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after acquiring an additional 185 shares during the last quarter. 67.54% of the stock is currently owned by institutional investors.

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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.

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