Carl M. Eschenbach Sells 6,250 Shares of Workday, Inc. (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Workday Stock Up 2.0 %

Shares of NASDAQ:WDAY opened at $254.69 on Thursday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. 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 business’s 50-day moving average is $261.93 and its 200-day moving average is $245.44. The company has a market capitalization of $67.75 billion, a price-to-earnings ratio of 42.24, a P/E/G ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities research analysts predict that Workday, Inc. will post 2.58 earnings per share for the current year.

Institutional Investors Weigh In On Workday

Large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Workday during the third quarter valued at about $26,000. Goodman Advisory Group LLC acquired a new position in Workday during the 2nd quarter worth approximately $35,000. Meeder Asset Management Inc. boosted its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares in the last quarter. Asset Dedication LLC acquired a new stake in Workday in the second quarter valued at approximately $36,000. Finally, New Millennium Group LLC increased its holdings in shares of Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Canaccord Genuity Group restated a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Friday, September 13th. Wells Fargo & Company lifted their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $292.25.

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.