Workday Inc (NASDAQ:WDAY) COO James Bozzini sold 11,407 shares of Workday stock in a transaction on Monday, April 15th. The shares were sold at an average price of $192.95, for a total transaction of $2,200,980.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Workday stock opened at $187.83 on Friday. Workday Inc has a 12-month low of $117.24 and a 12-month high of $200.00. The firm has a market cap of $41.32 billion, a P/E ratio of -153.96 and a beta of 1.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.
Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, February 28th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.02. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. The firm had revenue of $788.63 million for the quarter, compared to the consensus estimate of $776.84 million. On average, equities analysts expect that Workday Inc will post -1.18 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. increased its stake in Workday by 60.9% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock worth $29,000 after buying an additional 56 shares during the period. Captrust Financial Advisors increased its stake in Workday by 60.0% during the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock worth $26,000 after buying an additional 60 shares during the period. Gemmer Asset Management LLC increased its stake in Workday by 0.7% during the 1st quarter. Gemmer Asset Management LLC now owns 9,251 shares of the software maker’s stock worth $1,784,000 after buying an additional 64 shares during the period. Stratos Wealth Partners LTD. increased its stake in Workday by 5.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,331 shares of the software maker’s stock worth $213,000 after buying an additional 65 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Workday by 22.6% during the 4th quarter. Proficio Capital Partners LLC now owns 369 shares of the software maker’s stock worth $59,000 after buying an additional 68 shares during the period. 69.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of Workday in a report on Friday, March 29th. They issued an “underperform” rating and a $125.00 price target on the stock. Monness Crespi & Hardt reiterated a “buy” rating and issued a $220.00 price target (up previously from $185.00) on shares of Workday in a report on Tuesday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price (up previously from $170.00) on shares of Workday in a research note on Friday, March 1st. Piper Jaffray Companies reissued an “overweight” rating and issued a $220.00 target price on shares of Workday in a research note on Wednesday, February 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $215.00 target price on shares of Workday in a research note on Friday, March 1st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Workday presently has a consensus rating of “Buy” and a consensus target price of $185.69.
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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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