Workday (NASDAQ:WDAY) CFO Zane Rowe Sells 6,000 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the sale, the chief financial officer owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Workday Price Performance

NASDAQ:WDAY opened at $211.11 on Thursday. Workday, Inc. has a one year low of $202.22 and a one year high of $283.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $55.52 billion, a price-to-earnings ratio of 88.70, a PEG ratio of 2.37 and a beta of 1.14. The firm’s fifty day moving average is $220.97 and its two-hundred day moving average is $228.80.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Loop Capital set a $280.00 price target on shares of Workday in a report on Wednesday, December 10th. Citizens Jmp reissued a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Wednesday, November 26th. UBS Group set a $260.00 target price on Workday in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Finally, Barclays lowered their price target on Workday from $288.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $281.59.

Hedge Funds Weigh In On Workday

Several hedge funds and other institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. purchased a new stake in shares of Workday during the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday in the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Workday during the 3rd quarter worth $30,000. Berbice Capital Management LLC grew its holdings in shares of Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: An independent intrinsic-value calculation suggests Workday may be materially undervalued versus fair value, implying upside for long-term investors if the assumptions hold. An Intrinsic Calculation For Workday, Inc. (NASDAQ:WDAY) Suggests It’s 40% Undervalued
• Negative Sentiment: CEO Carl M. Eschenbach sold 3,125 shares at ~$210 (about $656k), reducing his stake ~15.45%; filing: CEO Form 4
• Negative Sentiment: CFO Zane Rowe sold 6,000 shares at ~$208.75 (~$1.25M), a ~3.63% cut to his holding; filing: CFO Form 4
• Negative Sentiment: Insider Robert Enslin sold 22,185 shares at ~$210.17 (~$4.66M), a 17.26% reduction in his position — the largest single sale reported. Filing: Enslin Form 4
• Negative Sentiment: Gerrit S. Kazmaier sold 3,759 shares at ~$208.73 (~$785k), trimming his stake ~3.45%; filing: Kazmaier Form 4
• Negative Sentiment: Richard H. Sauer sold 1,130 shares at $210 (~$237k), a 1.31% reduction; filing: Sauer Form 4

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.