David A. Duffield Sells 72,917 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David A. Duffield sold 72,917 shares of Workday stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $238.96, for a total value of $17,424,246.32. Following the sale, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,612,163.12. This trade represents a 41.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Workday Price Performance

WDAY traded up $4.29 during trading on Friday, reaching $242.03. 1,301,745 shares of the company traded hands, compared to its average volume of 2,462,966. The company has a market cap of $64.62 billion, a P/E ratio of 133.72, a PEG ratio of 3.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm has a fifty day simple moving average of $249.22 and a 200 day simple moving average of $249.92.

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

Analyst Upgrades and Downgrades

WDAY has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Guggenheim reiterated a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. Stifel Nicolaus cut their price target on shares of Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research report on Friday, May 23rd. Loop Capital reduced their price objective on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and a consensus target price of $297.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Workday by 24.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock worth $793,000 after acquiring an additional 595 shares during the period. Smartleaf Asset Management LLC grew its holdings in Workday by 81.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,669 shares of the software maker's stock worth $437,000 after acquiring an additional 751 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Workday by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 494 shares of the software maker's stock valued at $127,000 after purchasing an additional 62 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Workday by 15.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,060 shares of the software maker's stock worth $790,000 after purchasing an additional 413 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.