Mark Garfield Sells 918 Shares of Workday (NASDAQ:WDAY) Stock

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

Workday Price Performance

Shares of NASDAQ WDAY opened at $141.82 on Thursday. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 1.50 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 simple moving average is $130.83 and its 200 day simple moving average is $145.08.

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

Institutional Trading of Workday

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Workday in the 3rd quarter worth approximately $26,000. DT Investment Partners LLC bought a new stake in shares of Workday in the 4th quarter worth approximately $27,000. LRI Investments LLC purchased a new position in Workday in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in Workday in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, June 17th. Barclays upgraded shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. The Goldman Sachs Group lowered their target price on shares of Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. BMO Capital Markets reissued an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Finally, Citigroup restated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts and market commentary continue to frame Workday as an attractive growth/value idea, citing its AI and enterprise software positioning and expectations for profit growth. Workday: The Market Underestimates Profit Growth
• Positive Sentiment: Workday recently benefited from a rotation into oversold enterprise software names, which helped lift the stock alongside peers such as Salesforce and PagerDuty. Salesforce, Workday, and PagerDuty Stocks Trade Up, What You Need To Know
• Neutral Sentiment: Workday’s Asia Pacific leadership appointment may support international execution, but this looks more like a longer-term strategic move than an immediate earnings catalyst. The Bull Case For Workday (WDAY) Could Change Following New Asia Pacific Leadership Appointment – Learn Why
• Negative Sentiment: Recent insider selling, including a large sale by major shareholder David Duffield and a smaller sale by CAO Mark Garfield, is adding caution even though the transactions were made under pre-arranged plans. Mark Garfield Sells 918 Shares of Workday (NASDAQ:WDAY) Stock
• Negative Sentiment: Broader software-sector weakness tied to IBM’s disappointing results and comments about customer budget shifts away from software has weighed on Workday and other enterprise software stocks. Software Stocks Sink as IBM Miss Delivers ‘Devastating Blow’

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.