David A. Duffield Sells 175,974 Shares of Workday Inc (WDAY) Stock
Workday Inc (NYSE:WDAY) Director David A. Duffield sold 175,974 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $108.51, for a total value of $19,094,938.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Workday Inc (NYSE WDAY) traded up 0.18% on Wednesday, hitting $108.51. The stock had a trading volume of 1,895,642 shares. The company has a 50-day moving average price of $105.68 and a 200-day moving average price of $98.18. The stock’s market capitalization is $22.57 billion. Workday Inc has a 52 week low of $65.79 and a 52 week high of $111.45.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts anticipate that Workday Inc will post $0.83 earnings per share for the current fiscal year.
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A number of equities research analysts recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $94.00 price objective on shares of Workday in a report on Sunday, August 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $105.00 price objective (up previously from $95.00) on shares of Workday in a report on Thursday, August 31st. J P Morgan Chase & Co upped their price objective on Workday to $115.00 and gave the company an “overweight” rating in a report on Thursday, July 13th. BMO Capital Markets upped their price objective on Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, August 17th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $117.00 price objective on shares of Workday in a report on Monday, September 18th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.85.
Hedge funds have recently added to or reduced their stakes in the business. Winfield Associates Inc. boosted its stake in Workday by 136.4% during the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after purchasing an additional 600 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Workday by 47.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after purchasing an additional 183,444 shares during the last quarter. First Trust Advisors LP boosted its stake in Workday by 338.4% during the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after purchasing an additional 49,483 shares during the last quarter. Prudential Financial Inc. boosted its stake in Workday by 18.2% during the 1st quarter. Prudential Financial Inc. now owns 4,030 shares of the software maker’s stock valued at $336,000 after purchasing an additional 620 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Workday by 15.3% during the 2nd quarter. Teachers Advisors LLC now owns 201,054 shares of the software maker’s stock valued at $19,502,000 after purchasing an additional 26,700 shares during the last quarter. Institutional investors and hedge funds own 67.08% of the company’s stock.
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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