Workday (NASDAQ:WDAY) Insider Gerrit Kazmaier Sells 6,547 Shares

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 6,547 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Workday Stock Performance

Shares of WDAY traded down $2.55 during mid-day trading on Tuesday, hitting $215.44. 2,115,924 shares of the company’s stock were exchanged, compared to its average volume of 2,653,351. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $283.68. The stock’s 50-day simple moving average is $226.70 and its 200-day simple moving average is $231.36. The firm has a market cap of $56.66 billion, a price-to-earnings ratio of 90.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. On average, equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WDAY shares. Barclays decreased their price target on Workday from $288.00 to $280.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Guggenheim reaffirmed a “buy” rating and set a $285.00 price target on shares of Workday in a report on Wednesday, November 26th. Royal Bank Of Canada decreased their price objective on shares of Workday from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, BTIG Research assumed coverage on Workday in a research note on Tuesday, December 16th. They set a “buy” rating and a $285.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

Institutional Trading of Workday

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in Workday in the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday in the 3rd quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Workday during the third quarter valued at $30,000. Berbice Capital Management LLC lifted its holdings in shares of Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

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.