Gerrit Kazmaier Sells 6,547 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) insider Gerrit Kazmaier sold 6,547 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the transaction, the insider owned 111,353 shares in the company, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Workday Stock Performance

Shares of Workday stock opened at $216.25 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The business’s 50 day moving average price is $225.89 and its 200 day moving average price is $231.00. The company has a market cap of $56.87 billion, a price-to-earnings ratio of 90.86, a PEG ratio of 2.43 and a beta of 1.15. Workday, Inc. has a one year low of $205.33 and a one year high of $283.68.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.89 EPS. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Workday

Several hedge funds have recently bought and sold shares of the company. AlphaQuest LLC raised its holdings in shares of Workday by 636.7% in the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after buying an additional 1,630 shares during the last quarter. Norges Bank acquired a new position in Workday in the 2nd quarter valued at about $442,702,000. Chicago Capital LLC raised its stake in Workday by 2.2% during the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after acquiring an additional 3,824 shares during the last quarter. Stance Capital LLC acquired a new stake in Workday during the 2nd quarter worth approximately $1,276,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after purchasing an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several analyst reports. Sanford C. Bernstein dropped their price target on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley increased their price objective on Workday from $255.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.22.

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.