Workday (WDAY) Shares Gap Up to $105.17

Workday Inc (NASDAQ:WDAY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $102.80, but opened at $105.17. Workday shares last traded at $109.25, with a volume of 2774016 shares trading hands.

Several research firms have issued reports on WDAY. KeyCorp upgraded shares of Workday from a “sector weight” rating to an “overweight” rating and set a $131.00 price objective for the company in a research note on Thursday. BidaskClub downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group restated a “hold” rating and issued a $101.00 price objective on shares of Workday in a research note on Friday, December 1st. TheStreet upgraded shares of Workday from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th. Finally, UBS Group set a $95.00 target price on shares of Workday and gave the stock a “sell” rating in a research note on Thursday, November 30th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Workday has a consensus rating of “Hold” and an average target price of $103.88.

The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $22,740.00, a P/E ratio of -75.92 and a beta of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data 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 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 analysts’ expectations of $541.05 million. During the same period last year, the company posted $0.03 EPS. The company’s revenue was up 35.6% on a year-over-year basis. equities analysts anticipate that Workday Inc will post -1.1 EPS for the current fiscal year.

In other news, CEO Aneel Bhusri sold 11,163 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $107.51, for a total transaction of $1,200,134.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Duffield sold 482,001 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $103.77, for a total transaction of $50,017,243.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,586,697 shares of company stock valued at $168,559,851. Corporate insiders own 37.71% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of Workday by 46.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 84,863 shares of the software maker’s stock worth $8,944,000 after purchasing an additional 26,967 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Workday during the third quarter worth approximately $363,000. California Public Employees Retirement System boosted its position in Workday by 1.7% during the third quarter. California Public Employees Retirement System now owns 221,300 shares of the software maker’s stock worth $23,323,000 after acquiring an additional 3,800 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Workday by 418.4% during the third quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after acquiring an additional 99,144 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Workday during the third quarter worth approximately $2,276,000. 67.54% of the stock is owned by institutional investors and hedge funds.

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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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