Workday, Inc. (NASDAQ:WDAY) Insider Sayan Chakraborty Sells 5,498 Shares

Workday, Inc. (NASDAQ:WDAY) insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Workday Trading Up 2.2 %

Shares of WDAY stock opened at $257.06 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $68.12 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 4.66 and a beta of 1.34. The stock has a 50 day simple moving average of $249.10 and a 200 day simple moving average of $237.25. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.21% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC lifted its stake in Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after purchasing an additional 3,123 shares during the last quarter. Grafton Street Partners Fund LP bought a new stake in Workday during the third quarter worth $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after purchasing an additional 7,802 shares during the last quarter. Legal & General Group Plc lifted its stake in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after purchasing an additional 7,175 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WDAY shares. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Bank of America lowered their price target on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $288.14.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.