Workday (NASDAQ:WDAY) Insider Robert Enslin Sells 22,185 Shares

Workday, Inc. (NASDAQ:WDAY) insider Robert Enslin sold 22,185 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total value of $4,662,621.45. Following the transaction, the insider directly owned 106,330 shares of the company’s stock, valued at $22,347,376.10. The trade was a 17.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $0.81 on Wednesday, hitting $211.11. The company had a trading volume of 1,599,575 shares, compared to its average volume of 3,474,164. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market cap of $55.52 billion, a PE ratio of 88.70, a PEG ratio of 2.36 and a beta of 1.14. Workday, Inc. has a 52-week low of $202.22 and a 52-week high of $283.68. The business has a 50 day moving average of $221.37 and a 200 day moving average of $228.92.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Workday

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares during the period. Advisors Asset Management Inc. increased its position in shares of Workday by 77.2% in the first quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker’s stock worth $219,000 after acquiring an additional 409 shares in the last quarter. Voleon Capital Management LP acquired a new stake in shares of Workday in the first quarter worth $309,000. Sciencast Management LP purchased a new position in shares of Workday in the 1st quarter valued at $733,000. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Workday by 18.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,163 shares of the software maker’s stock valued at $972,000 after acquiring an additional 650 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent analyst reports. KeyCorp reduced their price objective on shares of Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. JPMorgan Chase & Co. reduced their price target on Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Barclays lowered their price objective on Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. BTIG Research began coverage on Workday in a research note on Tuesday, December 16th. They issued a “buy” rating and a $285.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target on Workday from $255.00 to $235.00 and set a “hold” rating for the company in a report 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 given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $281.59.

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.