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 on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the sale, the director now directly owns 67,500 shares in the company, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Workday Stock Performance

Workday stock opened at $252.73 on Wednesday. The stock’s 50-day moving average is $243.42 and its 200-day moving average is $252.78. The company has a market cap of $67.48 billion, a price-to-earnings ratio of 41.91, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.74 EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Workday

A number of large investors have recently modified their holdings of WDAY. Brighton Jones LLC grew its stake in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Workday in the fourth quarter valued at about $8,984,000. Stratos Wealth Partners LTD. grew its stake in shares of Workday by 60.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,407 shares of the software maker’s stock valued at $363,000 after buying an additional 529 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Workday by 3.1% in the fourth quarter. Bleakley Financial Group LLC now owns 3,333 shares of the software maker’s stock valued at $860,000 after buying an additional 100 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Workday by 2.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 20,553 shares of the software maker’s stock valued at $5,303,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group decreased their price objective on Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Loop Capital decreased their price objective on Workday from $285.00 to $250.00 and set a “hold” rating on the stock in a research note on Friday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Friday, May 23rd. Mizuho reduced their target price on Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler reiterated a “neutral” rating and set a $255.00 target price (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $293.54.

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.