Workday (NASDAQ:WDAY) CAO Mark Garfield Sells 953 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 953 shares of Workday stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at approximately $7,405,012.16. This represents a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Workday Stock Down 1.2%

NASDAQ:WDAY traded down $2.61 during trading hours on Friday, reaching $207.18. 1,799,686 shares of the stock were exchanged, compared to its average volume of 2,532,501. The stock has a market cap of $54.49 billion, a PE ratio of 87.05, a PEG ratio of 2.37 and a beta of 1.14. Workday, Inc. has a twelve month low of $202.22 and a twelve month high of $283.68. The firm has a 50 day moving average of $219.85 and a 200 day moving average of $228.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. On average, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Workday

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in Workday in the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday during the third quarter worth $26,000. JPL Wealth Management LLC bought a new stake in shares of Workday in the third quarter valued at about $30,000. Berbice Capital Management LLC boosted its position in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WDAY. Royal Bank Of Canada decreased their price target on Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research lowered shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Guggenheim reiterated a “buy” rating and set a $285.00 price target on shares of Workday in a report on Wednesday, November 26th. Cowen restated a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. reduced their target price on Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $281.59.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.