Workday, Inc. (NASDAQ:WDAY) Major Shareholder Sells $3,647,550.00 in Stock

Workday, Inc. (NASDAQ:WDAY) major shareholder David A. Duffield sold 15,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the completion of the sale, the insider now owns 45,000 shares in the company, valued at $10,942,650. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Workday Stock Down 0.8 %

Shares of NASDAQ WDAY opened at $250.47 on Friday. The stock has a market cap of $66.63 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.55 and a beta of 1.38. The firm has a 50 day moving average price of $256.76 and a 200 day moving average price of $255.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WDAY. Stifel Nicolaus lifted their target price on shares of Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Citigroup decreased their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Wednesday, February 26th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Finally, StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bristlecone Advisors LLC boosted its holdings in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after buying an additional 1,978 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after buying an additional 119,769 shares during the period. Burns Matteson Capital Management LLC acquired a new position in shares of Workday in the fourth quarter valued at approximately $369,000. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after buying an additional 282,632 shares during the period. 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.