James P. Shaughnessy Sells 4,800 Shares of Workday Inc (WDAY) Stock

Workday Inc (NASDAQ:WDAY) SVP James P. Shaughnessy sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $126.87, for a total transaction of $608,976.00. Following the sale, the senior vice president now directly owns 70,225 shares in the company, valued at approximately $8,909,445.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James P. Shaughnessy also recently made the following trade(s):

  • On Monday, September 10th, James P. Shaughnessy sold 4,800 shares of Workday stock. The stock was sold at an average price of $144.08, for a total transaction of $691,584.00.
  • On Monday, July 16th, James P. Shaughnessy sold 2,178 shares of Workday stock. The stock was sold at an average price of $134.53, for a total transaction of $293,006.34.

NASDAQ:WDAY traded up $3.56 during midday trading on Friday, reaching $128.31. The stock had a trading volume of 2,092,300 shares, compared to its average volume of 1,772,382. Workday Inc has a 12-month low of $95.35 and a 12-month high of $157.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of -101.66 and a beta of 2.01.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The company had revenue of $671.70 million during the quarter, compared to the consensus estimate of $663.38 million. During the same quarter last year, the company earned $0.24 earnings per share. Workday’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, analysts expect that Workday Inc will post -1.11 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Motley Fool Asset Management LLC lifted its holdings in Workday by 18.7% in the second quarter. Motley Fool Asset Management LLC now owns 2,328 shares of the software maker’s stock valued at $282,000 after acquiring an additional 366 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Workday by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 72,114 shares of the software maker’s stock valued at $8,736,000 after acquiring an additional 426 shares during the period. Diversified Trust Co lifted its holdings in Workday by 20.8% in the second quarter. Diversified Trust Co now owns 2,670 shares of the software maker’s stock valued at $323,000 after acquiring an additional 460 shares during the period. Kovack Advisors Inc. lifted its holdings in Workday by 10.6% in the third quarter. Kovack Advisors Inc. now owns 4,880 shares of the software maker’s stock valued at $712,000 after acquiring an additional 467 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Workday by 55.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock valued at $170,000 after acquiring an additional 500 shares during the period. 67.50% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity raised their target price on shares of Workday from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. BMO Capital Markets raised their target price on shares of Workday from $137.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. JMP Securities lowered their target price on shares of Workday from $175.00 to $152.95 and set an “outperform” rating on the stock in a research report on Wednesday, September 5th. They noted that the move was a valuation call. BidaskClub lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Wedbush restated a “neutral” rating and set a $124.00 target price (down from $152.00) on shares of Workday in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $146.03.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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