Deutsche Bank AG Increases Workday Inc. (WDAY) Price Target to $85.00
Workday Inc. (NYSE:WDAY) had its target price upped by stock analysts at Deutsche Bank AG from $75.00 to $85.00 in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 4.12% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Workday in a research report on Tuesday, August 30th. DA Davidson restated a “buy” rating and issued a $99.00 target price (up from $97.00) on shares of Workday in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $78.00 target price on shares of Workday in a research report on Saturday, August 13th. Stephens initiated coverage on shares of Workday in a research report on Thursday, August 4th. They issued an “equal weight” rating for the company. Finally, Citigroup Inc. cut shares of Workday from a “buy” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Wednesday, July 20th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Workday presently has an average rating of “Hold” and a consensus price target of $84.11.
Workday (NYSE:WDAY) opened at 88.65 on Friday. The firm’s 50-day moving average is $84.44 and its 200-day moving average is $78.11. The firm’s market cap is $17.73 billion. Workday has a 52-week low of $47.32 and a 52-week high of $90.73.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm earned $377.70 million during the quarter, compared to analyst estimates of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. Workday’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Analysts forecast that Workday will post ($0.04) EPS for the current fiscal year.
In other news, Vice Chairman Michael A. Stankey sold 8,781 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.06, for a total value of $694,225.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Shaughnessy sold 11,750 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $74.56, for a total transaction of $876,080.00. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.
Large investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. increased its stake in shares of Workday by 132.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,541 shares of the company’s stock worth $115,000 after buying an additional 877 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Workday by 930.0% in the second quarter. Mutual of America Capital Management LLC now owns 1,751 shares of the company’s stock worth $131,000 after buying an additional 1,581 shares during the last quarter. Societe Generale purchased a new stake in shares of Workday during the second quarter worth about $159,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock worth $190,000 after buying an additional 78 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Workday during the second quarter worth about $213,000.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.
Receive News & Ratings for Workday Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.