David A. Duffield Sells 461,232 Shares of Workday Inc (WDAY) Stock
Workday Inc (NYSE:WDAY) Director David A. Duffield sold 461,232 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $108.44, for a total transaction of $50,015,998.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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. Workday Inc has a one year low of $65.79 and a one year high of $111.45. The stock has a 50-day moving average of $105.68 and a 200-day moving average of $98.18. The company’s market cap is $22.57 billion.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $507.44 million. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Equities analysts expect that Workday Inc will post $0.83 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Winfield Associates Inc. boosted its position in shares of Workday by 136.4% in 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 period. First Personal Financial Services boosted its position in shares of Workday by 21.2% in the 2nd quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after purchasing an additional 185 shares during the period. Global X Management Co. LLC boosted its position in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after purchasing an additional 97 shares during the period. IFP Advisors Inc boosted its position in shares of Workday by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after purchasing an additional 176 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of Workday by 22.5% in the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after purchasing an additional 236 shares during the period. 67.08% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on WDAY. Canaccord Genuity reissued a “buy” rating and issued a $125.00 price objective on shares of Workday in a research note on Friday, October 6th. BidaskClub cut shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Robert W. Baird reissued a “buy” rating on shares of Workday in a report on Friday, October 6th. Needham & Company LLC reissued a “hold” rating on shares of Workday in a report on Monday, August 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $116.00 price objective on shares of Workday in a report on Sunday, August 27th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $99.85.
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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