Workday, Inc. (NASDAQ:WDAY – Get Free Report) CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the transaction, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at approximately $41,451,702. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Workday Trading Up 4.1%
NASDAQ:WDAY opened at $143.65 on Wednesday. The company has a market capitalization of $35.48 billion, a P/E ratio of 44.89, a PEG ratio of 1.48 and a beta of 1.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The firm has a fifty day simple moving average of $128.70 and a 200-day simple moving average of $148.32.
Workday (NASDAQ:WDAY – Get Free Report) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $2.23 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts anticipate that Workday, Inc. will post 5.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Empowered Funds LLC lifted its stake in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the period. Sivia Capital Partners LLC purchased a new stake in Workday during the second quarter worth $281,000. Finally, NewEdge Advisors LLC boosted its holdings in Workday by 32.0% during the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after buying an additional 1,600 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.
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.
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