Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 102,500 Shares

Workday, Inc. (NASDAQ:WDAYGet Rating) major shareholder David A. Duffield sold 102,500 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the transaction, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Workday Trading Up 1.8 %

Shares of NASDAQ WDAY opened at $155.00 on Tuesday. Workday, Inc. has a twelve month low of $134.10 and a twelve month high of $307.81. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $163.20 and a 200-day simple moving average of $153.31. The stock has a market capitalization of $39.68 billion, a PE ratio of -198.72 and a beta of 1.35.

Workday (NASDAQ:WDAYGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. Workday had a negative return on equity of 2.34% and a negative net margin of 3.46%. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts forecast that Workday, Inc. will post -0.61 earnings per share for the current year.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently modified their holdings of WDAY. Norges Bank acquired a new stake in shares of Workday in the fourth quarter valued at $688,093,000. Renaissance Technologies LLC grew its stake in Workday by 674.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,274,400 shares of the software maker’s stock worth $317,461,000 after purchasing an additional 1,980,629 shares in the last quarter. Lone Pine Capital LLC grew its stake in Workday by 16.9% during the 4th quarter. Lone Pine Capital LLC now owns 5,814,667 shares of the software maker’s stock worth $1,588,451,000 after purchasing an additional 840,799 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Workday by 84.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,732,393 shares of the software maker’s stock worth $473,255,000 after purchasing an additional 791,143 shares in the last quarter. Finally, Steadfast Capital Management LP grew its stake in Workday by 8,913.6% during the 1st quarter. Steadfast Capital Management LP now owns 686,474 shares of the software maker’s stock worth $164,383,000 after purchasing an additional 678,858 shares in the last quarter. 68.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WDAY shares. Canaccord Genuity Group decreased their target price on shares of Workday from $325.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, May 27th. DA Davidson decreased their price objective on shares of Workday from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Robert W. Baird decreased their price objective on shares of Workday from $290.00 to $235.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Morgan Stanley decreased their price objective on shares of Workday from $310.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Finally, UBS Group decreased their price objective on shares of Workday from $185.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.97.

About Workday

(Get Rating)

Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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