Workday Inc (NASDAQ:WDAY) Director David A. Duffield sold 304,404 shares of Workday stock in a transaction on Monday, January 7th. The stock was sold at an average price of $164.29, for a total transaction of $50,010,533.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of WDAY opened at $167.96 on Friday. Workday Inc has a 1 year low of $107.75 and a 1 year high of $172.67. The firm has a market cap of $35.94 billion, a PE ratio of -132.25 and a beta of 1.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, November 29th. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.76. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The company had revenue of $743.20 million during the quarter, compared to the consensus estimate of $723.38 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. On average, analysts anticipate that Workday Inc will post -1.05 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of WDAY. North Star Investment Management Corp. raised its stake in shares of Workday by 100.0% during the fourth quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of Workday during the fourth quarter valued at about $73,000. Rehmann Capital Advisory Group bought a new stake in shares of Workday during the third quarter valued at about $106,000. Stratos Wealth Partners LTD. bought a new stake in shares of Workday during the third quarter valued at about $185,000. Finally, Athena Capital Advisors LLC bought a new stake in shares of Workday during the third quarter valued at about $202,000. Institutional investors and hedge funds own 67.96% of the company’s stock.

A number of research firms have commented on WDAY. Atlantic Securities began coverage on shares of Workday in a report on Wednesday. They issued an “overweight” rating and a $206.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Workday to $160.00 and gave the stock a “hold” rating in a report on Friday, November 30th. ValuEngine raised shares of Workday from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Credit Suisse Group lifted their price objective on shares of Workday from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 30th. Finally, Societe Generale set a $130.00 price objective on shares of Workday and gave the stock a “sell” rating in a report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Workday currently has an average rating of “Buy” and a consensus target price of $157.37.

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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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