Workday Inc (NASDAQ:WDAY) COO James Bozzini Sells 4,972 Shares

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Workday Inc (NASDAQ:WDAY) COO James Bozzini sold 4,972 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $183.92, for a total value of $914,450.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Workday stock opened at $157.89 on Friday. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of -129.42 and a beta of 1.53. Workday Inc has a fifty-two week low of $117.72 and a fifty-two week high of $226.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average of $173.32 and a 200 day moving average of $195.59.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The business had revenue of $887.75 million during the quarter, compared to analysts’ expectations of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The company’s revenue was up 32.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts forecast that Workday Inc will post -1.16 EPS for the current year.

A number of equities analysts recently weighed in on the company. JMP Securities set a $225.00 price target on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada reduced their price target on Workday from $225.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday. ValuEngine cut Workday from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $200.00 price target (down previously from $235.00) on shares of Workday in a report on Thursday. Finally, Stifel Nicolaus reduced their price target on Workday from $210.00 to $180.00 in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. Workday has an average rating of “Hold” and an average price target of $211.00.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Workday by 7.7% in the second quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock worth $1,975,530,000 after acquiring an additional 683,181 shares during the period. Northern Trust Corp grew its position in Workday by 3.8% in the second quarter. Northern Trust Corp now owns 1,058,023 shares of the software maker’s stock worth $217,509,000 after acquiring an additional 38,748 shares during the period. First Trust Advisors LP grew its position in Workday by 6.7% in the second quarter. First Trust Advisors LP now owns 718,744 shares of the software maker’s stock worth $147,759,000 after acquiring an additional 45,386 shares during the period. Whale Rock Capital Management LLC grew its position in Workday by 52.6% in the second quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock worth $117,790,000 after acquiring an additional 197,394 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Workday by 19,929.2% in the second quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock worth $112,658,000 after acquiring an additional 545,263 shares during the period. Institutional investors own 66.61% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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