Workday, Inc. (WDAY) Director Sells $1,066,800.00 in Stock
Workday, Inc. (NYSE:WDAY) Director George J. Still, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $106.68, for a total value of $1,066,800.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Workday, Inc. (NYSE:WDAY) traded down 1.33% on Thursday, reaching $105.60. The company had a trading volume of 1,451,274 shares. Workday, Inc. has a 1-year low of $65.79 and a 1-year high of $111.45. The stock’s market capitalization is $21.96 billion. The company’s 50 day moving average price is $104.09 and its 200-day moving average price is $95.26.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Equities analysts predict that Workday, Inc. will post $0.82 EPS for the current year.
WDAY has been the subject of a number of recent analyst reports. UBS AG reaffirmed a “buy” rating and issued a $115.00 price objective (up previously from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price objective on Workday and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Workday in a research note on Tuesday, August 22nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $108.00 price objective (up previously from $90.00) on shares of Workday in a research note on Thursday, August 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Workday in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $98.79.
A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Capstone Asset Management Co. purchased a new stake in Workday in the first quarter valued at approximately $234,000. Waldron LP raised its position in Workday by 167.1% in the first quarter. Waldron LP now owns 11,102 shares of the software maker’s stock valued at $896,000 after purchasing an additional 6,946 shares during the period. ProShare Advisors LLC purchased a new stake in Workday in the first quarter valued at approximately $241,000. Shell Asset Management Co. raised its position in Workday by 2.3% in the first quarter. Shell Asset Management Co. now owns 8,001 shares of the software maker’s stock valued at $666,000 after purchasing an additional 183 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Workday by 2.2% in the first quarter. Great West Life Assurance Co. Can now owns 63,437 shares of the software maker’s stock valued at $5,278,000 after purchasing an additional 1,364 shares during the period. 67.74% of the stock is currently owned by institutional investors.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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