Rep. Jefferson Shreve Sells Off Shares of Workday, Inc. (NASDAQ:WDAY)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Workday, Inc. NASDAQ: WDAY. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Workday stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Workday Stock Up 1.9%

Shares of NASDAQ:WDAY traded up $4.54 during mid-day trading on Friday, hitting $241.74. 1,840,561 shares of the company traded hands, compared to its average volume of 2,143,465. The firm has a market cap of $64.54 billion, a P/E ratio of 133.56, a PEG ratio of 3.59 and a beta of 1.21. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The firm's 50 day simple moving average is $243.20 and its 200 day simple moving average is $246.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business's quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WDAY shares. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lowered their price objective on Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Jefferies Financial Group reduced their target price on Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Morgan Stanley set a $255.00 price target on shares of Workday and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, DA Davidson increased their price objective on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Vanguard Group Inc. raised its holdings in Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock worth $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after buying an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock worth $872,610,000 after buying an additional 14,354 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after buying an additional 1,406,088 shares during the period. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the sale, the insider directly owned 102,997 shares of the company's stock, valued at $24,581,264.02. The trade was a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 329,005 shares of company stock valued at $79,203,523. Corporate insiders own 19.31% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.