3,590 Shares in Workday, Inc. $WDAY Purchased by Militia Capital Management LLC

Militia Capital Management LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,590 shares of the software maker’s stock, valued at approximately $466,000.

A number of other institutional investors also recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the 3rd quarter valued at approximately $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday in the 4th quarter valued at approximately $27,000. LRI Investments LLC purchased a new stake in shares of Workday in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Workday in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock opened at $165.05 on Tuesday. The stock has a fifty day moving average price of $137.05 and a 200 day moving average price of $139.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $40.77 billion, a PE ratio of 51.58, a P/E/G ratio of 1.71 and a beta of 1.08. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the sale, the chief financial officer directly owned 288,460 shares in the company, valued at $41,451,702. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total transaction of $13,119,300.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at approximately $12,820,179.96. The trade was a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 875,020 shares of company stock valued at $113,938,503 in the last 90 days. 18.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WDAY shares. Monness Crespi & Hardt upgraded Workday from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Thursday, June 25th. CLSA started coverage on shares of Workday in a research report on Monday, July 20th. They set an “underperform” rating and a $92.00 target price on the stock. Bank of America initiated coverage on shares of Workday in a research note on Wednesday, May 27th. They set a “neutral” rating and a $140.00 price target on the stock. Jefferies Financial Group increased their price target on shares of Workday from $115.00 to $140.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Finally, Morgan Stanley cut shares of Workday from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $185.00 to $145.00 in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.80.

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.