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 business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now directly owns 75,000 shares in the company, valued at $18,099,750. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Workday Price Performance

NASDAQ:WDAY opened at $250.62 on Tuesday. The firm has a market cap of $66.66 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $256.84 and its two-hundred day moving average is $255.38. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Institutional Trading of Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Workday during the 4th quarter worth approximately $18,401,000. Castle Rock Wealth Management LLC acquired a new stake in shares of Workday during the fourth quarter worth approximately $1,089,000. Park Square Financial Group LLC acquired a new stake in shares of Workday during the fourth quarter worth approximately $117,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Workday during the fourth quarter worth approximately $117,259,000. Finally, Azzad Asset Management Inc. ADV grew its position in shares of Workday by 0.8% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 9,187 shares of the software maker’s stock worth $2,371,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price objective on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank dropped their price objective on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday. Oppenheimer boosted their price objective on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler boosted their price objective on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $300.36.

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.