Workday, Inc. (NASDAQ:WDAY) Insider Richard Harry Sauer Sells 3,677 Shares

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 3,677 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the completion of the sale, the insider now directly owns 79,576 shares of the company’s stock, valued at $20,045,194.40. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Workday Stock Up 2.0 %

WDAY stock opened at $254.69 on Thursday. The stock has a fifty day moving average of $261.93 and a 200-day moving average of $245.44. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a market capitalization of $67.75 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 2.58 earnings per share for the current year.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently bought and sold shares of the business. Douglas Lane & Associates LLC grew its position in shares of Workday by 42.2% in the fourth quarter. Douglas Lane & Associates LLC now owns 238,288 shares of the software maker’s stock valued at $61,485,000 after purchasing an additional 70,755 shares in the last quarter. Fulton Bank N.A. boosted its stake in Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock worth $954,000 after purchasing an additional 48 shares during the period. One Wealth Capital Management LLC purchased a new position in Workday during the 4th quarter valued at about $715,000. Diversified Trust Co increased its position in shares of Workday by 29.5% during the fourth quarter. Diversified Trust Co now owns 8,474 shares of the software maker’s stock valued at $2,187,000 after buying an additional 1,928 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Workday in the fourth quarter worth about $510,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WDAY. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $300.00 in a research report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Bank of America decreased their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.