Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. Sells 7,500 Shares

Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director now directly owns 67,500 shares of the company’s stock, valued at $16,767,675. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Workday Stock Up 0.1%

Shares of WDAY stock traded up $0.18 during trading hours on Monday, reaching $252.90. 1,223,906 shares of the company’s stock were exchanged, compared to its average volume of 2,469,060. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The stock’s 50 day moving average is $242.59 and its 200-day moving average is $252.88. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $67.52 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 3.55 and a beta of 1.24.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the business earned $1.74 EPS. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after acquiring an additional 455,855 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after purchasing an additional 14,354 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 60.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker’s stock worth $960,454,000 after purchasing an additional 1,406,088 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on WDAY. DA Davidson boosted their price target on shares of Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. JMP Securities reiterated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Friday, May 23rd. UBS Group upped their target price on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and set a $255.00 price target (up previously from $230.00) on shares of Workday in a research note on Friday, May 23rd. Finally, BNP Paribas upgraded Workday to a “strong-buy” rating in a report on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $293.54.

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.