Insider Selling: Workday, Inc. (NASDAQ:WDAY) Director Sells $1,915,875.00 in Stock

Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the sale, the director now owns 90,000 shares of the company’s stock, valued at $22,990,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Workday Stock Up 0.0 %

WDAY opened at $255.62 on Thursday. The company has a market capitalization of $67.74 billion, a P/E ratio of 46.06, a P/E/G ratio of 5.47 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The firm’s fifty day moving average price is $234.31 and its two-hundred day moving average price is $244.09. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. On average, analysts anticipate that Workday, Inc. will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WDAY shares. Royal Bank of Canada reduced their target price on shares of Workday from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Evercore ISI decreased their price objective on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Stifel Nicolaus increased their target price on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Friday, May 24th. Finally, Robert W. Baird lowered their price objective on Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $288.15.

Institutional Investors Weigh In On Workday

Several large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in Workday in the 2nd quarter valued at $6,183,000. Sycomore Asset Management acquired a new position in Workday during the second quarter worth $15,406,000. New Century Financial Group LLC bought a new position in shares of Workday during the second quarter valued at $265,000. Cetera Investment Advisers boosted its stake in shares of Workday by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 51,043 shares of the software maker’s stock valued at $11,411,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Workday by 1.5% in the 2nd quarter. Truist Financial Corp now owns 88,588 shares of the software maker’s stock worth $19,805,000 after purchasing an additional 1,320 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

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.