David A. Duffield Sells 911 Shares of Workday Inc (WDAY) Stock

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Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 911 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $164.91, for a total transaction of $150,233.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Workday stock opened at $172.08 on Friday. Workday Inc has a 1-year low of $107.75 and a 1-year high of $172.67. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.52. The company has a market cap of $36.37 billion, a PE ratio of -135.50 and a beta of 1.81.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, November 29th. The software maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.76. The company had revenue of $743.20 million during the quarter, compared to the consensus estimate of $723.38 million. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, research analysts forecast that Workday Inc will post -1.05 earnings per share for the current year.

A number of research firms have issued reports on WDAY. Atlantic Securities began coverage on shares of Workday in a report on Wednesday, January 9th. They issued an “overweight” rating and a $206.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Workday from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, December 3rd. Cantor Fitzgerald set a $185.00 price objective on shares of Workday and gave the company a “buy” rating in a report on Sunday, December 2nd. Royal Bank of Canada boosted their price objective on shares of Workday to $170.00 and gave the company an “outperform” rating in a report on Friday, November 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Workday to $160.00 and gave the company a “hold” rating in a report on Friday, November 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $157.37.

A number of large investors have recently modified their holdings of WDAY. Capital Research Global Investors lifted its stake in Workday by 977.4% in the 3rd quarter. Capital Research Global Investors now owns 3,150,040 shares of the software maker’s stock valued at $459,843,000 after purchasing an additional 2,857,657 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in Workday in the 3rd quarter valued at approximately $62,598,000. The Manufacturers Life Insurance Company lifted its stake in Workday by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,083,669 shares of the software maker’s stock valued at $450,154,000 after purchasing an additional 264,048 shares during the last quarter. Jennison Associates LLC lifted its stake in Workday by 3.4% in the 3rd quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock valued at $1,124,261,000 after purchasing an additional 252,921 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in Workday in the 3rd quarter valued at approximately $21,033,000. 67.95% of the stock is owned by institutional investors and hedge funds.

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About Workday

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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