David Duffield Sells 81,434 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David Duffield sold 81,434 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $215.98, for a total transaction of $17,588,115.32. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,688,483.02. The trade was a 43.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Performance

WDAY traded up $2.08 on Thursday, hitting $218.08. 3,209,107 shares of the stock traded hands, compared to its average volume of 2,645,381. The business has a fifty day moving average price of $227.76 and a two-hundred day moving average price of $232.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $57.36 billion, a PE ratio of 91.63, a P/E/G ratio of 2.46 and a beta of 1.15. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $283.68.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of several analyst reports. BMO Capital Markets lowered their price target on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Wednesday, September 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada lowered their price objective on Workday from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $282.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDAY. Verdence Capital Advisors LLC grew its position in shares of Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after buying an additional 45 shares during the period. Perennial Investment Advisors LLC boosted its stake in Workday by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock valued at $418,000 after acquiring an additional 48 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in Workday by 2.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 2,201 shares of the software maker’s stock worth $528,000 after acquiring an additional 49 shares during the period. Bay Harbor Wealth Management LLC grew its holdings in Workday by 12.0% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock worth $110,000 after acquiring an additional 49 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Workday by 1.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after acquiring an additional 49 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

About Workday

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.