Workday (NASDAQ:WDAY) CAO Mark Garfield Sells 953 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 953 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the transaction, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $207.18 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 87.05, a PEG ratio of 2.37 and a beta of 1.14. The stock’s fifty day simple moving average is $219.85 and its 200 day simple moving average is $228.46. Workday, Inc. has a 52-week low of $202.22 and a 52-week high of $283.68.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Workday

Institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new position in shares of Workday during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in Workday in the third quarter worth $26,000. JPL Wealth Management LLC acquired a new position in Workday during the third quarter worth $30,000. Berbice Capital Management LLC raised its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position 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 during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WDAY. Raymond James Financial assumed coverage on Workday in a report on Friday, November 21st. They issued a “market perform” rating for the company. Guggenheim reissued a “buy” rating and issued a $285.00 price objective on shares of Workday in a research note on Wednesday, November 26th. Sanford C. Bernstein lowered their target price on Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. UBS Group set a $260.00 target price on Workday in a report on Wednesday, November 26th. Finally, Rosenblatt Securities assumed coverage on shares of Workday in a report on Tuesday, December 2nd. They set a “neutral” rating and a $235.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.