Workday (NASDAQ:WDAY) Insider Gerrit Kazmaier Sells 2,728 Shares

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 2,728 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total value of $391,795.36. Following the sale, the insider owned 266,388 shares of the company’s stock, valued at $38,258,644.56. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Trading Up 4.1%

NASDAQ:WDAY opened at $143.65 on Wednesday. The stock has a market cap of $35.48 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $128.70 and its 200 day simple moving average is $148.32.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $2.23 EPS. Workday’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts predict that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new stake in shares of Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday during the 3rd quarter valued at approximately $26,000. DT Investment Partners LLC acquired a new position in Workday during the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new position in Workday during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC bought a new position in Workday during the 3rd quarter worth $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research analyst reports. Citigroup restated a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. TD Cowen reissued a “hold” rating on shares of Workday in a report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. William Blair upgraded shares of Workday to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, UBS Group increased their price target on shares of Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.00.

Workday Company Profile

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.