Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield Sells 497 Shares

Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Workday Stock Performance

Shares of WDAY opened at $233.32 on Wednesday. The company’s 50 day moving average price is $246.70 and its 200 day moving average price is $252.65. The company has a market capitalization of $62.06 billion, a PE ratio of 38.69, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

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

Hedge Funds Weigh In On Workday

Several institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its holdings in shares of Workday by 33.1% during the 3rd quarter. Toronto Dominion Bank now owns 30,390 shares of the software maker’s stock worth $7,428,000 after buying an additional 7,562 shares during the period. Virtu Financial LLC bought a new stake in Workday in the third quarter valued at about $2,289,000. Anchor Investment Management LLC raised its holdings in shares of Workday by 6.1% in the 3rd quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock worth $1,552,000 after buying an additional 368 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after acquiring an additional 1,978 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Workday during the 3rd quarter worth about $4,893,000. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WDAY shares. Scotiabank lowered their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. Citigroup reduced their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Daiwa America raised shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus upped their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $297.14.

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.