Kampmann Melissa S. Sells 4,330 Shares of Workday, Inc. $WDAY

Kampmann Melissa S. lessened its position in shares of Workday, Inc. (NASDAQ:WDAY) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,745 shares of the software maker’s stock after selling 4,330 shares during the quarter. Kampmann Melissa S.’s holdings in Workday were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday in the 3rd quarter valued at $26,000. DT Investment Partners LLC bought a new position in shares of Workday during the 4th quarter worth about $27,000. LRI Investments LLC acquired a new stake in shares of Workday during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Workday during the 3rd quarter valued at about $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of recent research reports. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Workday in a report on Wednesday, June 17th. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Finally, Monness Crespi & Hardt upgraded Workday from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.00.

Workday Price Performance

Shares of Workday stock opened at $123.58 on Tuesday. The stock has a market capitalization of $30.52 billion, a price-to-earnings ratio of 38.62, a P/E/G ratio of 1.33 and a beta of 1.09. The firm’s 50-day moving average price is $127.44 and its two-hundred day moving average price is $151.94. 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 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 earnings per share. On average, equities analysts predict that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total transaction of $769,320.00. Following the completion of the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at $27,942,984.60. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Workday stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $115.60, for a total value of $12,427,000.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $12,143,664.40. The trade was a 50.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 774,814 shares of company stock worth $98,324,391 over the last 90 days. Company insiders own 18.64% of the company’s stock.

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.