Michael A. Stankey Sells 25,000 Shares of Workday, Inc. (WDAY) Stock
Workday, Inc. (NYSE:WDAY) Director Michael A. Stankey sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $106.86, for a total value of $2,671,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Michael A. Stankey also recently made the following trade(s):
- On Tuesday, August 15th, Michael A. Stankey sold 6,542 shares of Workday stock. The stock was sold at an average price of $101.67, for a total value of $665,125.14.
- On Thursday, June 22nd, Michael A. Stankey sold 25,000 shares of Workday stock. The stock was sold at an average price of $102.12, for a total value of $2,553,000.00.
Shares of Workday, Inc. (WDAY) opened at 105.04 on Friday. Workday, Inc. has a 12 month low of $65.79 and a 12 month high of $111.45. The firm’s 50-day moving average price is $104.16 and its 200-day moving average price is $95.37. The stock’s market capitalization is $21.85 billion.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The business had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities research analysts forecast that Workday, Inc. will post $0.82 EPS for the current year.
WDAY has been the subject of several research analyst reports. JMP Securities reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Workday in a report on Thursday, June 1st. Mitsubishi UFJ Financial Group set a $106.00 price objective on Workday and gave the stock a “buy” rating in a report on Saturday, June 3rd. Wunderlich reaffirmed a “hold” rating and issued a $96.00 price objective (up previously from $86.00) on shares of Workday in a report on Saturday, June 3rd. Morgan Stanley reissued an “equal weight” rating and set a $100.00 price target (up previously from $91.00) on shares of Workday in a report on Saturday, June 3rd. Finally, Royal Bank Of Canada boosted their price target on Workday from $105.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $98.79.
Several hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Workday by 15.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after buying an additional 201 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Workday during the 2nd quarter valued at approximately $1,273,000. Arcus Capital Partners LLC raised its position in shares of Workday by 20.0% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,750 shares of the software maker’s stock valued at $364,000 after buying an additional 625 shares during the period. California State Teachers Retirement System raised its position in shares of Workday by 3.7% during the 2nd quarter. California State Teachers Retirement System now owns 240,307 shares of the software maker’s stock valued at $23,310,000 after buying an additional 8,545 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Workday during the 2nd quarter valued at approximately $3,457,000. 67.74% of the stock is currently owned by hedge funds and other institutional investors.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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