Workday Inc (WDAY) SVP James P. Shaughnessy Sells 2,190 Shares of Stock

Workday Inc (NASDAQ:WDAY) SVP James P. Shaughnessy sold 2,190 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $127.35, for a total value of $278,896.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James P. Shaughnessy also recently made the following trade(s):

  • On Monday, September 10th, James P. Shaughnessy sold 4,800 shares of Workday stock. The stock was sold at an average price of $144.08, for a total value of $691,584.00.

Shares of Workday stock opened at $137.25 on Thursday. Workday Inc has a 12 month low of $95.35 and a 12 month high of $157.12. The company has a market cap of $31.68 billion, a price-to-earnings ratio of -108.07 and a beta of 2.01. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.54.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The business had revenue of $671.70 million during the quarter, compared to analysts’ expectations of $663.38 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was up 27.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Workday Inc will post -1.11 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its holdings in shares of Workday by 43.3% during the second quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock valued at $119,898,000 after acquiring an additional 299,251 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Workday by 5.7% in the second quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock valued at $115,272,000 after purchasing an additional 51,341 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Workday by 5.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 676,374 shares of the software maker’s stock valued at $81,922,000 after purchasing an additional 32,119 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Workday by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 601,331 shares of the software maker’s stock valued at $72,833,000 after purchasing an additional 3,678 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Workday by 3.1% in the second quarter. Swiss National Bank now owns 453,200 shares of the software maker’s stock valued at $54,892,000 after purchasing an additional 13,700 shares during the last quarter. 67.50% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Sanford C. Bernstein upgraded Workday from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research note on Wednesday. Canaccord Genuity increased their price target on Workday from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. BMO Capital Markets increased their price target on Workday from $137.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. JMP Securities lowered their price target on Workday from $175.00 to $152.95 and set an “outperform” rating on the stock in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, BidaskClub downgraded Workday from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Workday currently has a consensus rating of “Buy” and a consensus price target of $147.14.

About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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