Workday, Inc. (NASDAQ:WDAY) Insider Sayan Chakraborty Sells 6,056 Shares

Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Workday Stock Up 2.4 %

WDAY traded up $5.98 during trading on Wednesday, hitting $259.61. The company had a trading volume of 1,721,182 shares, compared to its average volume of 2,437,235. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $69.06 billion, a PE ratio of 43.05, a P/E/G ratio of 3.55 and a beta of 1.35. The business has a 50-day moving average of $259.17 and a 200-day moving average of $255.46.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently made changes to their positions in the company. Castle Rock Wealth Management LLC acquired a new position in shares of Workday in the 4th quarter valued at about $1,089,000. Park Square Financial Group LLC bought a new stake in shares of Workday in the 4th quarter worth approximately $117,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Workday in the fourth quarter worth $117,259,000. Azzad Asset Management Inc. ADV lifted its stake in Workday by 0.8% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 9,187 shares of the software maker's stock valued at $2,371,000 after buying an additional 71 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Workday by 8.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 10,326 shares of the software maker's stock valued at $2,664,000 after acquiring an additional 770 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. KeyCorp lifted their price target on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Oppenheimer raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, UBS Group upped their price target on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $302.14.

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.