Insider Selling: Workday (NASDAQ:WDAY) Insider Sells $4,662,621.45 in Stock

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 22,185 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the sale, the insider directly owned 106,330 shares in the company, valued at approximately $22,347,376.10. The trade was a 17.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Workday Stock Performance

WDAY traded up $0.81 on Wednesday, reaching $211.11. The company had a trading volume of 1,599,575 shares, compared to its average volume of 3,474,164. The stock has a 50-day moving average price of $221.37 and a 200-day moving average price of $228.92. 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 1 year low of $202.22 and a 1 year high of $283.68. The stock has a market capitalization of $55.52 billion, a PE ratio of 88.70, a P/E/G ratio of 2.36 and a beta of 1.14.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $1.89 EPS. The business’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WDAY. Vanguard Group Inc. grew its stake in Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock valued at $5,247,687,000 after acquiring an additional 684,872 shares during the last quarter. State Street Corp lifted its holdings in shares of Workday by 0.8% in the third quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock valued at $2,328,959,000 after purchasing an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Workday by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after purchasing an additional 140,042 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WDAY. TD Cowen dropped their price objective on shares of Workday from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Wednesday, November 26th. Morgan Stanley increased their price objective on Workday from $255.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $281.59.

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.