Workday, Inc. (NASDAQ:WDAY) CEO Carl M. Eschenbach Sells 3,125 Shares

Workday, Inc. (NASDAQ:WDAY) CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the sale, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Workday Trading Down 4.9 %

WDAY traded down $11.19 during trading on Friday, reaching $217.14. 4,893,624 shares of the company’s stock were exchanged, compared to its average volume of 2,560,523. The company’s fifty day moving average price is $254.30 and its 200-day moving average price is $254.04. 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 firm has a market capitalization of $57.76 billion, a PE ratio of 36.01, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

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

Institutional Trading of Workday

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in Workday by 24.2% in the third quarter. Captrust Financial Advisors now owns 12,853 shares of the software maker’s stock worth $3,141,000 after purchasing an additional 2,506 shares during the period. Benjamin Edwards Inc. acquired a new stake in Workday during the 3rd quarter worth $345,000. Hilltop Holdings Inc. acquired a new stake in Workday during the 3rd quarter worth $629,000. Investment Management Corp of Ontario lifted its holdings in Workday by 48.5% during the third quarter. Investment Management Corp of Ontario now owns 7,038 shares of the software maker’s stock worth $1,720,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Workday by 8.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,646 shares of the software maker’s stock valued at $402,000 after acquiring an additional 130 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Mizuho boosted their price objective on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.18.

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.