Workday (NASDAQ:WDAY) CFO Sells $1,252,500.00 in Stock

Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Workday Trading Down 1.2%

WDAY opened at $207.18 on Friday. The company has a market cap of $54.49 billion, a P/E ratio of 87.05, a PEG ratio of 2.37 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $219.85 and its 200-day moving average is $228.46. Workday, Inc. has a 1-year low of $202.22 and a 1-year high of $283.68.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $220.00 to $235.00 in a research report on Wednesday, September 17th. Raymond James Financial began coverage on Workday in a report on Friday, November 21st. They set a “market perform” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. KeyCorp cut their target price on shares of Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, DA Davidson decreased their price target on shares of Workday from $260.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $281.59.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently bought and sold shares of the company. AlphaQuest LLC increased its stake in shares of Workday by 636.7% in the 2nd quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after acquiring an additional 1,630 shares in the last quarter. Norges Bank acquired a new stake in Workday in the second quarter worth $442,702,000. Chicago Capital LLC increased its stake in Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after purchasing an additional 3,824 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Workday by 16.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 483,382 shares of the software maker’s stock valued at $116,365,000 after purchasing an additional 67,125 shares during the period. Finally, Stance Capital LLC bought a new position in shares of Workday during the 2nd quarter worth about $1,276,000. Institutional investors own 89.81% of the company’s stock.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.