Insider Selling: Workday, Inc. (NASDAQ:WDAY) CAO Sells 472 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Workday Price Performance

Shares of NASDAQ WDAY traded up $2.54 during midday trading on Wednesday, reaching $248.57. 3,172,725 shares of the company traded hands, compared to its average volume of 2,167,478. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $262.75 and its 200-day simple moving average is $246.44. The firm has a market cap of $66.12 billion, a PE ratio of 41.22, a PEG ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during 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 period last year, the firm posted $0.47 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WDAY shares. Oppenheimer reissued an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, December 3rd. The Goldman Sachs Group lifted their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Loop Capital decreased their price objective on shares of Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Bank of America cut their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Jackson Square Capital LLC acquired a new stake in Workday during the 4th quarter valued at $260,000. HB Wealth Management LLC grew its holdings in shares of Workday by 5.0% during the fourth quarter. HB Wealth Management LLC now owns 7,566 shares of the software maker’s stock worth $1,952,000 after purchasing an additional 360 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Workday by 11.3% in the fourth quarter. Arkadios Wealth Advisors now owns 3,525 shares of the software maker’s stock valued at $910,000 after buying an additional 357 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Workday in the fourth quarter valued at about $578,000. Finally, Procyon Advisors LLC lifted its position in Workday by 2.5% during the 4th quarter. Procyon Advisors LLC now owns 8,502 shares of the software maker’s stock worth $2,194,000 after buying an additional 211 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

About Workday

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.