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

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 2,728 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total value of $391,795.36. Following the transaction, the insider directly owned 266,388 shares in the company, valued at $38,258,644.56. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Stock Up 4.1%

NASDAQ WDAY traded up $5.66 during trading on Tuesday, reaching $143.65. 5,902,458 shares of the company’s stock were exchanged, compared to its average volume of 5,196,066. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $249.85. The company’s fifty day simple moving average is $127.76 and its 200-day simple moving average is $149.38. The firm has a market capitalization of $35.48 billion, a PE ratio of 44.89, a P/E/G ratio of 1.45 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its earnings results 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. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. Sell-side analysts predict that Workday, Inc. will post 5.34 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on WDAY shares. HC Wainwright set a $140.00 price objective on shares of Workday in a research note on Wednesday, May 27th. The Goldman Sachs Group decreased their target price on shares of Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. William Blair upgraded shares of Workday to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, BTIG Research reiterated a “buy” rating and set a $175.00 price objective on shares of Workday in a report on Monday, May 18th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.00.

Institutional Trading of Workday

A number of institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC bought a new stake in Workday in the second quarter worth approximately $205,000. Trinity Financial Advisors LLC raised its holdings in shares of Workday by 16.2% during the 2nd quarter. Trinity Financial Advisors LLC now owns 1,997 shares of the software maker’s stock valued at $244,000 after purchasing an additional 278 shares in the last quarter. Kozak & Associates Inc. lifted its stake in shares of Workday by 28.6% in the 2nd quarter. Kozak & Associates Inc. now owns 2,416 shares of the software maker’s stock valued at $315,000 after purchasing an additional 538 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Workday by 10.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker’s stock worth $123,000 after purchasing an additional 96 shares in the last quarter. Finally, CX Institutional boosted its holdings in Workday by 26.2% in the second quarter. CX Institutional now owns 3,364 shares of the software maker’s stock worth $412,000 after purchasing an additional 698 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.