Key Points
- Insider Gerrit Kazmaier sold 6,547 shares of Workday on Dec. 19 at an average price of $218.77 for about $1.43M, trimming his position by 5.55% to 111,353 shares.
- Workday reported a quarterly earnings beat, with EPS of $2.32 vs. $2.17 expected and revenue of $2.43B, up 12.6% year‑over‑year.
- Analysts are broadly positive with a consensus "Moderate Buy" and an average target of $282.22, while the stock trades at a high valuation (PE ~90.5) and a market cap of roughly $56.7B.
Workday, Inc. (NASDAQ:WDAY - Get Free Report) insider Gerrit Kazmaier sold 6,547 shares of the company's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the sale, the insider owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Workday Stock Performance
Shares of WDAY opened at $215.44 on Wednesday. The company has a market cap of $56.66 billion, a PE ratio of 90.52, a P/E/G ratio of 2.46 and a beta of 1.15. Workday, Inc. has a one year low of $205.33 and a one year high of $283.68. The stock has a 50-day moving average of $226.26 and a 200-day moving average of $231.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.
Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. On average, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.
Institutional Trading of Workday
Hedge funds have recently added to or reduced their stakes in the business. Finivi Inc. raised its holdings in Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker's stock valued at $365,000 after buying an additional 48 shares during the last quarter. Garde Capital Inc. grew its stake in Workday by 132.9% in the third quarter. Garde Capital Inc. now owns 1,896 shares of the software maker's stock worth $119,000 after purchasing an additional 1,082 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Workday in the 3rd quarter worth about $244,000. Swiss Life Asset Management Ltd lifted its holdings in shares of Workday by 5.7% during the third quarter. Swiss Life Asset Management Ltd now owns 36,377 shares of the software maker's stock valued at $8,757,000 after purchasing an additional 1,968 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Workday in the third quarter worth $9,087,000. 89.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
WDAY has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their target price on shares of Workday from $304.00 to $298.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price objective on Workday from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Wednesday, November 26th. Morgan Stanley lifted their target price on shares of Workday from $255.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Workday in a research note on Wednesday, October 8th. Finally, Guggenheim reiterated a "buy" rating and set a $285.00 price objective on shares of Workday in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $282.22.
View Our Latest Stock Report on WDAY
Workday Company Profile
(
Get Free Report)
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.
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