Workday, Inc. (NASDAQ:WDAY) CEO Sells $753,843.75 in Stock

Workday, Inc. (NASDAQ:WDAY - Get Free Report) CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $241.23, for a total transaction of $753,843.75. Following the completion of the sale, the chief executive officer now directly owns 7,722 shares of the company's stock, valued at $1,862,778.06. This represents a 28.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Workday Trading Up 0.8%

• Workday Stock Price Implosion: An Automatic Buy for AI Investors

Shares of WDAY stock traded up $1.86 on Thursday, reaching $241.76. 2,989,808 shares of the stock were exchanged, compared to its average volume of 2,529,991. The stock has a 50 day moving average price of $241.70 and a 200 day moving average price of $253.71. The stock has a market cap of $64.31 billion, a PE ratio of 40.09, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The company's quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

• Analysts Are Upgrading These 5 Software Stocks—Should You Buy?

Several brokerages have recently issued reports on WDAY. Citigroup cut shares of Workday from a "neutral" rating to a "mixed" rating in a research report on Friday, May 16th. BNP Paribas upgraded shares of Workday to a "strong-buy" rating in a research note on Friday, February 14th. Westpark Capital lifted their target price on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, KeyCorp lowered their price objective on shares of Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $293.54.

View Our Latest Report on WDAY

Institutional Inflows and Outflows

• Contrarian Play: Why Workday Stock Is a Buy After Guidance Cut

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock valued at $4,810,404,000 after buying an additional 455,855 shares during the last quarter. Geode Capital Management LLC raised its holdings in Workday by 61.9% in the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after acquiring an additional 1,772,223 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock valued at $872,610,000 after purchasing an additional 14,354 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Workday by 60.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after purchasing an additional 1,406,088 shares during the last quarter. 89.81% of the stock is currently owned by 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.

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