George J. Still, Jr. Sells 7,500 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total value of $1,809,975.00. Following the sale, the director now owns 75,000 shares of the company’s stock, valued at approximately $18,099,750. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Workday Stock Up 0.5 %

Shares of WDAY opened at $251.91 on Wednesday. The stock has a market cap of $67.01 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 3.55 and a beta of 1.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a 50-day moving average price of $256.89 and a two-hundred day moving average price of $255.30.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. The Goldman Sachs Group increased their target price on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, BNP Paribas raised shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $300.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bristlecone Advisors LLC lifted its stake in Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock worth $754,000 after purchasing an additional 968 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Workday by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after acquiring an additional 1,978 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after acquiring an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of Workday in the 4th quarter worth approximately $369,000. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Workday by 387.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock worth $86,926,000 after acquiring an additional 282,632 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

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.