Workday, Inc. (NASDAQ:WDAY) CAO Mark S. Garfield Sells 451 Shares

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Workday Stock Performance

Shares of Workday stock traded up $0.51 during trading on Tuesday, hitting $225.27. 238,862 shares of the company's stock traded hands, compared to its average volume of 2,475,577. The business has a 50-day simple moving average of $247.82 and a 200-day simple moving average of $247.93. The stock has a market capitalization of $60.15 billion, a P/E ratio of 124.31, a PEG ratio of 3.38 and a beta of 1.21. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. Workday's revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

WDAY has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research report on Sunday. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Stifel Nicolaus cut their price objective on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Finally, Westpark Capital boosted their price objective on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average price target of $296.88.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WDAY. Hyperion Asset Management Ltd boosted its holdings in Workday by 5.8% during the 2nd quarter. Hyperion Asset Management Ltd now owns 603,395 shares of the software maker's stock valued at $144,815,000 after acquiring an additional 33,084 shares during the period. CHICAGO TRUST Co NA increased its position in Workday by 63.9% during the second quarter. CHICAGO TRUST Co NA now owns 7,030 shares of the software maker's stock worth $1,687,000 after buying an additional 2,740 shares during the period. Golden State Equity Partners increased its position in Workday by 6.4% during the second quarter. Golden State Equity Partners now owns 2,425 shares of the software maker's stock worth $582,000 after buying an additional 146 shares during the period. IronOak Wealth LLC. purchased a new stake in shares of Workday in the second quarter valued at approximately $1,071,000. Finally, GAMMA Investing LLC boosted its position in Workday by 2.8% during the second quarter. GAMMA Investing LLC now owns 2,899 shares of the software maker's stock worth $696,000 after purchasing an additional 79 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Company Profile

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.