Workday, Inc. (NASDAQ:WDAY) CFO Sells $1,437,540.00 in Stock

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the sale, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Workday Stock Down 0.2%

Shares of WDAY traded down $0.37 during trading hours on Wednesday, reaching $240.10. The stock had a trading volume of 853,382 shares, compared to its average volume of 2,467,432. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a 50-day simple moving average of $249.24 and a 200 day simple moving average of $249.14. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $64.11 billion, a price-to-earnings ratio of 132.88, a P/E/G ratio of 3.64 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Workday

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Alliance LLC increased its position in shares of Workday by 10.6% in the second quarter. Fiduciary Alliance LLC now owns 10,435 shares of the software maker's stock worth $2,504,000 after purchasing an additional 1,000 shares during the last quarter. Czech National Bank increased its position in shares of Workday by 7.7% in the second quarter. Czech National Bank now owns 52,953 shares of the software maker's stock worth $12,709,000 after purchasing an additional 3,801 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Workday by 265.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 21,446 shares of the software maker's stock worth $5,147,000 after purchasing an additional 15,571 shares during the last quarter. NBC Securities Inc. grew its position in Workday by 83.3% during the second quarter. NBC Securities Inc. now owns 12,984 shares of the software maker's stock valued at $3,116,000 after acquiring an additional 5,899 shares during the last quarter. Finally, E. Ohman J or Asset Management AB grew its position in Workday by 2.0% during the second quarter. E. Ohman J or Asset Management AB now owns 149,117 shares of the software maker's stock valued at $35,788,000 after acquiring an additional 2,928 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WDAY. Loop Capital decreased their price target on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Westpark Capital increased their target price on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho lowered their price objective on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. KeyCorp decreased their target price on shares of Workday from $335.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of Workday from a "buy" rating to a "hold" rating in a research report on Saturday. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $297.68.

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.