Robert Enslin Sells 5,374 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 5,374 shares of Workday stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed 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%

Workday stock traded up $5.66 during trading hours on Tuesday, reaching $143.65. 5,902,128 shares of the company’s stock traded hands, compared to its average volume of 5,196,063. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 1.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $249.85. The firm’s 50 day moving average is $127.76 and its 200-day moving average is $149.38.

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

Institutional Investors Weigh In On Workday

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in shares of Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday in the 3rd quarter valued at approximately $26,000. DT Investment Partners LLC bought a new stake in Workday during the 4th quarter worth approximately $27,000. LRI Investments LLC acquired a new stake in Workday during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday during the 3rd quarter worth approximately $30,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. Loop Capital set a $210.00 price objective on Workday in a research note on Thursday, March 12th. William Blair upgraded Workday to a “strong-buy” rating in a report on Friday, May 22nd. TD Cowen restated a “hold” rating on shares of Workday in a research report on Friday, May 22nd. Finally, DA Davidson set a $135.00 price target on Workday in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $184.00.

About Workday

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.