Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. Sells 5,000 Shares

Workday, Inc. (NASDAQ:WDAY – Get Rating) Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $183.34, for a total transaction of $916,700.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $916,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Workday Price Performance

NASDAQ WDAY opened at $188.77 on Friday. The business has a 50 day simple moving average of $180.90 and a 200 day simple moving average of $164.18. Workday, Inc. has a 52-week low of $128.72 and a 52-week high of $248.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $48.89 billion, a price-to-earnings ratio of -131.09, a PEG ratio of 89.37 and a beta of 1.26.

Workday (NASDAQ:WDAY – Get Rating) last released its quarterly earnings results on Monday, February 27th. The software maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Workday had a negative return on equity of 1.96% and a negative net margin of 5.90%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) EPS. Analysts anticipate that Workday, Inc. will post 0.08 earnings per share for the current fiscal year.

Workday declared that its board has authorized a stock repurchase program on Tuesday, November 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently commented on WDAY. Capital One Financial began coverage on shares of Workday in a research report on Friday, January 13th. They set an “overweight” rating and a $200.00 price target for the company. Piper Sandler increased their price objective on shares of Workday from $184.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 28th. KeyCorp increased their price objective on shares of Workday from $195.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Stifel Nicolaus upped their target price on shares of Workday from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. Finally, Moffett Nathanson started coverage on shares of Workday in a research note on Monday, January 9th. They issued an “outperform” rating and a $245.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $213.72.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WDAY. AllSquare Wealth Management LLC bought a new position in shares of Workday in the third quarter worth $25,000. Elequin Securities LLC acquired a new position in shares of Workday in the fourth quarter worth approximately $27,000. Guardian Wealth Advisors LLC acquired a new position in shares of Workday in the third quarter worth approximately $29,000. Whittier Trust Co. lifted its stake in shares of Workday by 69.0% in the third quarter. Whittier Trust Co. now owns 213 shares of the software maker’s stock worth $32,000 after acquiring an additional 87 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in Workday in the second quarter worth approximately $38,000. Institutional investors own 66.98% of the company’s stock.

About Workday

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Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.