Workday, Inc. (NASDAQ:WDAY) Director Wayne A.I. Frederick Sells 1,829 Shares

Workday, Inc. (NASDAQ:WDAY - Get Free Report) Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now directly owns 6,845 shares in the company, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wayne A.I. Frederick also recently made the following trade(s):

• On Friday, October 11th, Wayne A.I. Frederick sold 1,828 shares of Workday stock. The shares were sold at an average price of $241.85, for a total value of $442,101.80.

Workday Trading Up 0.5 %

Shares of Workday stock traded up $1.30 on Monday, reaching $254.14. The company had a trading volume of 1,849,008 shares, compared to its average volume of 1,796,900. The firm has a market cap of $67.60 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm's 50-day moving average price is $261.00 and its two-hundred day moving average price is $244.88. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, research analysts predict that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

A number of large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its holdings in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after acquiring an additional 43 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Workday by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker's stock valued at $1,243,000 after acquiring an additional 43 shares during the period. Opal Wealth Advisors LLC boosted its holdings in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker's stock valued at $231,000 after acquiring an additional 47 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker's stock valued at $324,000 after acquiring an additional 48 shares during the period. Finally, Concord Wealth Partners boosted its holdings in Workday by 3.0% during the 3rd quarter. Concord Wealth Partners now owns 1,765 shares of the software maker's stock valued at $431,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WDAY. BMO Capital Markets reissued an "outperform" rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. Citigroup dropped their target price on Workday from $274.00 to $270.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 25th. Wells Fargo & Company raised their target price on Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. The Goldman Sachs Group raised their target price on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Finally, Bank of America dropped their target price on Workday from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $291.36.

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.