Rep. Jefferson Shreve Sells Workday, Inc. (NASDAQ:WDAY) Stock

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 $15,001 and $50,000 in Workday stock on May 8th. 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 Performance

WDAY traded up $4.54 during trading hours on Friday, hitting $241.74. The company's stock had a trading volume of 1,840,561 shares, compared to its average volume of 2,143,465. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a 50-day simple moving average of $242.57 and a 200 day simple moving average of $246.73. The firm has a market capitalization of $64.54 billion, a PE ratio of 133.56, a PEG ratio of 3.59 and a beta of 1.21.

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

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares in the company, valued at $10,093,578.22. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,005 shares of company stock valued at $79,203,523. Insiders own 19.31% of the company's stock.

Institutional Trading of Workday

Institutional investors have recently modified their holdings of the company. Simplicity Wealth LLC boosted its stake in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares in the last quarter. Private Trust Co. NA grew its position in Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock valued at $74,000 after acquiring an additional 42 shares during the period. CreativeOne Wealth LLC raised its stake in Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after acquiring an additional 43 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its stake in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 price objective on shares of Workday in a research report on Friday, May 23rd. Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Friday, May 23rd. Morgan Stanley set a $255.00 price target on shares of Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Oppenheimer decreased their target price on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $296.88.

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.

Workday Company Profile

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.