Workday Inc (NASDAQ:WDAY) COO James Bozzini sold 4,024 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $164.86, for a total value of $663,396.64. The sale was disclosed in a legal filing with the SEC, which is available at this link.

James Bozzini also recently made the following trade(s):

  • On Wednesday, January 9th, James Bozzini sold 32,250 shares of Workday stock. The shares were sold at an average price of $167.40, for a total value of $5,398,650.00.

NASDAQ:WDAY traded up $1.24 during trading hours on Thursday, hitting $166.58. The stock had a trading volume of 1,572,000 shares, compared to its average volume of 2,219,850. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10. Workday Inc has a one year low of $107.75 and a one year high of $172.67. The company has a market cap of $36.18 billion, a price-to-earnings ratio of -131.17 and a beta of 1.81.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, November 29th. The software maker reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.76. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The firm had revenue of $743.20 million during the quarter, compared to the consensus estimate of $723.38 million. During the same period last year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts expect that Workday Inc will post -1.05 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Cantor Fitzgerald set a $185.00 target price on Workday and gave the company a “buy” rating in a report on Sunday, December 2nd. BidaskClub raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 28th. Morgan Stanley increased their target price on shares of Workday from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, December 3rd. Credit Suisse Group increased their target price on shares of Workday from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, November 30th. Finally, Sanford C. Bernstein raised shares of Workday from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $157.37.

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors raised its stake in Workday by 977.4% during the third quarter. Capital Research Global Investors now owns 3,150,040 shares of the software maker’s stock valued at $459,843,000 after purchasing an additional 2,857,657 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Workday in the 3rd quarter worth about $62,598,000. The Manufacturers Life Insurance Company increased its stake in Workday by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,083,669 shares of the software maker’s stock worth $450,154,000 after buying an additional 264,048 shares during the period. Jennison Associates LLC increased its stake in Workday by 3.4% in the 3rd quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock worth $1,124,261,000 after buying an additional 252,921 shares during the period. Finally, Scout Investments Inc. purchased a new position in Workday in the 3rd quarter worth about $21,033,000. 67.95% of the stock is owned by hedge funds and other institutional investors.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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