Workday, Inc. (NASDAQ:WDAY) CFO Zane Rowe Sells 6,000 Shares

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer directly owned 178,418 shares in the company, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Workday Stock Down 2.6%

Shares of WDAY stock traded down $5.93 during mid-day trading on Friday, reaching $223.37. 2,494,795 shares of the company were exchanged, compared to its average volume of 2,482,412. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. The business's 50 day simple moving average is $248.29 and its 200 day simple moving average is $248.51. The company has a market capitalization of $59.64 billion, a P/E ratio of 123.41, a P/E/G ratio of 3.46 and a beta of 1.21. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WDAY. Vanguard Group Inc. raised its stake in shares of Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Workday during the 4th quarter worth about $658,735,000. Norges Bank acquired a new stake in shares of Workday in the 4th quarter worth approximately $645,710,000. Parnassus Investments LLC boosted its holdings in shares of Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock valued at $631,589,000 after acquiring an additional 2,078,097 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Workday in the first quarter valued at approximately $456,341,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Wall Street Zen lowered shares of Workday from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. JMP Securities restated a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research report on Friday, May 23rd. Westpark Capital boosted their price target on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Friday, May 23rd. Finally, Loop Capital cut their target price on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.88.

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.