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

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

Workday Stock Performance

NASDAQ:WDAY opened at $139.81 on Wednesday. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $130.44 and its 200 day simple moving average is $145.60. The firm has a market capitalization of $34.53 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its 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 firm had revenue of $2.54 billion during 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 business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 earnings per share. On average, analysts anticipate that Workday, Inc. will post 5.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WDAY shares. Bank of America initiated coverage on shares of Workday in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $140.00 price objective for the company. DA Davidson set a $135.00 price target on shares of Workday in a report on Tuesday, May 26th. Barclays upgraded Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. KeyCorp raised their price objective on Workday from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday has continued to attract bullish analyst attention, with some commentary arguing the stock looks undervalued relative to enterprise AI/software peers and supported by rising earnings estimates. Workday vs. Arista: Which Enterprise AI Stock Has More Upside Now?
• Positive Sentiment: Earlier in the week, enterprise software names, including Workday, bounced as investors rotated into oversold software stocks after weakness in semiconductors. Salesforce, Workday, and PagerDuty Stocks Trade Up, What You Need To Know
• Neutral Sentiment: Workday was highlighted in market commentary as a strong growth stock, but this was more of a style-score/valuation discussion than a fresh catalyst for shares. Here’s Why Workday (WDAY) is a Strong Growth Stock
• Negative Sentiment: Large-shareholder selling by co-founder David Duffield added caution, even though the sale was made under a pre-arranged Rule 10b5-1 plan. Workday (NASDAQ:WDAY) Major Shareholder Sells 107,500 Shares of Stock
• Negative Sentiment: Broad software-sector weakness tied to IBM’s results and comments about budget shifts toward hardware has weighed on Workday alongside peers like HubSpot, Asana, and The Trade Desk. Software Stocks Sink as IBM Miss Delivers ‘Devastating Blow’

Hedge Funds Weigh In On Workday

A number of hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. bought a new position in Workday during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Workday in the 3rd quarter valued at about $26,000. DT Investment Partners LLC bought a new stake in shares of Workday in the 4th quarter valued at about $27,000. LRI Investments LLC bought a new stake in Workday in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC bought a new stake in Workday in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.