Traders Buy Large Volume of Call Options on Workday (WDAY)
Workday, Inc. (NYSE:WDAY) saw some unusual options trading activity on Wednesday. Traders purchased 11,715 call options on the company. This represents an increase of approximately 518% compared to the typical daily volume of 1,896 call options.
In related news, CFO Robynne Sisco sold 1,043 shares of Workday stock in a transaction on Monday, June 5th. The shares were sold at an average price of $102.91, for a total value of $107,335.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Duffield sold 359,484 shares of Workday stock in a transaction on Monday, July 10th. The stock was sold at an average price of $97.39, for a total transaction of $35,010,146.76. The disclosure for this sale can be found here. Insiders have sold 1,285,592 shares of company stock worth $128,237,888 in the last quarter. Insiders own 37.71% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Winfield Associates Inc. raised its stake in Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after buying an additional 600 shares in the last quarter. First Personal Financial Services raised its stake in Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after buying an additional 185 shares in the last quarter. Global X Management Co. LLC raised its stake in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares in the last quarter. Toronto Dominion Bank raised its stake in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after buying an additional 176 shares in the last quarter.
Workday (NYSE:WDAY) opened at 108.84 on Friday. Workday has a one year low of $65.79 and a one year high of $111.45. The stock has a 50 day moving average price of $103.09 and a 200-day moving average price of $94.12. The firm’s market cap is $22.53 billion.
Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 24.88% and a negative net margin of 19.78%. Workday’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts predict that Workday will post $0.81 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. Deutsche Bank AG restated a “hold” rating and issued a $95.00 price target (up previously from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $94.00 price objective on shares of Workday in a report on Sunday, August 27th. J P Morgan Chase & Co lifted their price objective on shares of Workday to $115.00 and gave the stock an “overweight” rating in a report on Thursday, July 13th. BMO Capital Markets lifted their price objective on shares of Workday from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, August 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Workday in a report on Thursday. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Workday currently has a consensus rating of “Hold” and a consensus price target of $98.61.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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