Workday (NASDAQ:WDAY) CAO Sells $130,530.42 in Stock

Workday, Inc. (NASDAQ:WDAY) CAO Mark Garfield sold 918 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $142.19, for a total transaction of $130,530.42. Following the transaction, the chief accounting officer owned 73,718 shares of the company’s stock, valued at $10,481,962.42. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Workday Stock Performance

Shares of WDAY opened at $145.43 on Friday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The stock has a market cap of $35.92 billion, a P/E ratio of 45.45, a PEG ratio of 1.52 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $131.12 and a two-hundred day moving average of $144.55.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in shares of Workday in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday during the third quarter worth approximately $26,000. DT Investment Partners LLC purchased a new position in Workday during the fourth quarter worth approximately $27,000. LRI Investments LLC acquired a new position in shares of Workday in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Workday in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $216.00 target price on shares of Workday in a report on Friday, May 22nd. William Blair upgraded Workday to a “strong-buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company increased their price objective on Workday from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Finally, TD Cowen restated a “hold” rating on shares of Workday in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.