Workday (NASDAQ:WDAY) Insider Sells $724,952.60 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Workday Price Performance

Shares of Workday stock traded up $5.66 during trading on Tuesday, hitting $143.65. 5,902,128 shares of the company’s stock traded hands, compared to its average volume of 5,196,063. The company has a market cap of $35.48 billion, a PE ratio of 44.89, a PEG ratio of 1.45 and a beta of 1.11. The firm’s fifty day moving average price is $127.76 and its 200 day moving average price is $149.38. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.23 earnings per share. Analysts forecast that Workday, Inc. will post 5.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on WDAY. Bank of America began coverage on Workday in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $140.00 price target on the stock. Summit Redstone set a $275.00 price objective on Workday in a report on Wednesday, May 27th. BTIG Research restated a “buy” rating and issued a $175.00 target price on shares of Workday in a research note on Monday, May 18th. Loop Capital set a $210.00 target price on shares of Workday in a research report on Thursday, March 12th. Finally, DA Davidson set a $135.00 price target on shares of Workday in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell 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 $184.00.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently modified their holdings of WDAY. Finivi Inc. grew its stake in shares of Workday by 3.3% during the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after purchasing an additional 48 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after buying an additional 50 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in Workday by 3.0% in the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after buying an additional 59 shares during the last quarter. CVA Family Office LLC boosted its position in Workday by 35.3% in the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after buying an additional 65 shares during the last quarter. Finally, Aspire Private Capital LLC increased its stake in shares of Workday by 1.3% in the 4th quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock valued at $1,194,000 after buying an additional 71 shares during the period. 89.81% of the stock is owned by institutional investors.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.