Workday (NASDAQ:WDAY) CAO Sells $199,710.68 in Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 953 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Workday Trading Down 1.2%

Shares of NASDAQ:WDAY traded down $2.61 during trading on Friday, hitting $207.18. 1,799,686 shares of the company’s stock were exchanged, compared to its average volume of 2,532,501. 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 cap of $54.49 billion, a P/E ratio of 87.05, a PEG ratio of 2.37 and a beta of 1.14. The firm has a 50-day moving average price of $219.85 and a two-hundred day moving average price of $228.46. Workday, Inc. has a 1-year low of $202.22 and a 1-year 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, beating the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Workday’s revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Institutional Trading of Workday

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of Workday by 1,292.9% in the fourth quarter. SG Americas Securities LLC now owns 87,322 shares of the software maker’s stock valued at $18,755,000 after buying an additional 81,053 shares during the period. Assenagon Asset Management S.A. lifted its position in Workday by 91.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,416,746 shares of the software maker’s stock valued at $304,289,000 after acquiring an additional 678,609 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Workday by 10.4% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,217 shares of the software maker’s stock worth $261,000 after purchasing an additional 115 shares during the period. Sound View Wealth Advisors Group LLC increased its holdings in Workday by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,114 shares of the software maker’s stock worth $1,743,000 after purchasing an additional 256 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its holdings in Workday by 19.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,793 shares of the software maker’s stock worth $815,000 after purchasing an additional 617 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Workday from $255.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. Guggenheim reaffirmed a “buy” rating and issued a $285.00 price target on shares of Workday in a research note on Wednesday, November 26th. UBS Group set a $260.00 price objective on shares of Workday in a research note on Wednesday, November 26th. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $281.59.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.