Workday, Inc. (NASDAQ:WDAY) Insider Richard Harry Sauer Sells 3,677 Shares

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 3,677 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total transaction of $926,236.30. Following the transaction, the insider now owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Workday Stock Up 2.0 %

Shares of NASDAQ:WDAY opened at $254.69 on Friday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The stock has a market cap of $67.75 billion, a P/E ratio of 42.24, a P/E/G ratio of 5.04 and a beta of 1.34. The firm has a fifty day moving average price of $262.35 and a 200 day moving average price of $245.50. 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 (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts predict that Workday, Inc. will post 2.58 EPS for the current year.

Hedge Funds Weigh In On Workday

A number of large investors have recently modified their holdings of WDAY. Principal Financial Group Inc. grew its position in Workday by 42.8% during the second quarter. Principal Financial Group Inc. now owns 12,275 shares of the software maker’s stock worth $2,744,000 after buying an additional 3,679 shares during the period. Commonwealth Equity Services LLC grew its holdings in Workday by 14.7% in the second quarter. Commonwealth Equity Services LLC now owns 22,468 shares of the software maker’s stock valued at $5,023,000 after purchasing an additional 2,888 shares during the period. Larson Financial Group LLC increased its holdings in shares of Workday by 41,800.0% during the 2nd quarter. Larson Financial Group LLC now owns 419 shares of the software maker’s stock worth $94,000 after buying an additional 418 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in Workday by 28.9% during the second quarter. Lake Street Advisors Group LLC now owns 1,013 shares of the software maker’s stock worth $226,000 after acquiring an additional 227 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in Workday in the second quarter valued at approximately $36,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on WDAY shares. Scotiabank started coverage on Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price objective for the company. Piper Sandler reaffirmed a “neutral” rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. Barclays decreased their price target on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Mizuho raised their price objective on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

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.