Insider Selling: Workday, Inc. (NASDAQ:WDAY) Director Sells $462,901.61 in Stock

Workday, Inc. (NASDAQ:WDAY) Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Wayne A.I. Frederick also recently made the following trade(s):

• On Friday, October 11th, Wayne A.I. Frederick sold 1,828 shares of Workday stock. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80.

Workday Trading Up 2.0 %

WDAY opened at $254.69 on Thursday. The firm’s 50 day moving average is $261.93 and its 200-day moving average is $245.44. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $67.75 billion, a P/E ratio of 42.24, a P/E/G ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Analysts expect that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley increased their price target on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Friday, September 13th. Finally, Loop Capital lowered their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Workday during the 3rd quarter worth approximately $26,000. Goodman Advisory Group LLC acquired a new stake in shares of Workday during the second quarter worth approximately $35,000. Meeder Asset Management Inc. increased its stake in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the last quarter. Asset Dedication LLC acquired a new stake in Workday in the second quarter valued at $36,000. Finally, New Millennium Group LLC raised its holdings in Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.