Rep. Robert Bresnahan, Jr. Purchases Shares of Workday, Inc. (NASDAQ:WDAY)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Workday, Inc. NASDAQ: WDAY. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Workday stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Workday Stock Performance

NASDAQ WDAY traded up $1.03 during midday trading on Friday, hitting $259.01. The company had a trading volume of 1,324,391 shares, compared to its average volume of 2,573,848. The stock has a market cap of $68.90 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 3.55 and a beta of 1.30. The firm has a fifty day simple moving average of $238.49 and a two-hundred day simple moving average of $252.15. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in Workday in the fourth quarter valued at about $510,000. Diversified Trust Co boosted its holdings in Workday by 29.5% during the fourth quarter. Diversified Trust Co now owns 8,474 shares of the software maker's stock valued at $2,187,000 after purchasing an additional 1,928 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker's stock worth $954,000 after buying an additional 48 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Workday by 42.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 238,288 shares of the software maker's stock worth $61,485,000 after buying an additional 70,755 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its position in shares of Workday by 5.5% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,252 shares of the software maker's stock worth $581,000 after buying an additional 117 shares during the period. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Workday in a report on Monday, March 24th. Scotiabank reduced their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Westpark Capital started coverage on shares of Workday in a research report on Tuesday. They issued a "buy" rating and a $315.00 target price for the company. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Morgan Stanley dropped their price target on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $293.62.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the sale, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. The trade was a 22.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 in the last 90 days. 19.31% of the stock is owned by corporate insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.