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

Workday, Inc. (NASDAQ:WDAY - Get Free Report) Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director now directly owns 67,500 shares in the company, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Workday Stock Down 0.3%

Shares of WDAY stock traded down $0.67 during trading hours on Thursday, hitting $250.69. 1,963,815 shares of the company were exchanged, compared to its average volume of 2,463,202. The company has a market capitalization of $66.93 billion, a PE ratio of 41.57, a PEG ratio of 3.55 and a beta of 1.24. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The business has a 50 day moving average of $244.11 and a two-hundred day moving average of $252.77. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in Workday during the fourth quarter worth $25,000. Avion Wealth boosted its stake in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. acquired a new position in shares of Workday during the 1st quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Workday during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on WDAY shares. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. DA Davidson boosted their price objective on shares of Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, May 21st. Finally, Redburn Atlantic started coverage on Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $293.54.

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.