Workday, Inc. (NASDAQ:WDAY) Stock Has Consensus Price Target of $205.03 According to Analysts

Workday, Inc. (NASDAQ:WDAY) has been assigned an average recommendation of “Hold” from the forty-four ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $202.10.

A number of equities research analysts recently issued reports on WDAY shares. Stifel Nicolaus increased their price target on Workday from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Wells Fargo & Company raised their price objective on Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Piper Sandler lifted their price objective on Workday from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Mizuho set a $210.00 price objective on Workday in a report on Wednesday, October 14th. Finally, Daiwa Securities Group upped their target price on Workday from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th.

Insider Activity at Workday

In related news, major shareholder David Duffield sold 100,780 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $19,501,296.36. The trade was a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 988,104 shares of company stock valued at $188,811,574 in the last quarter. 18.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently bought and sold shares of the company. Lakehouse Capital Pty Ltd boosted its position in shares of Workday by 77.9% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 43,773 shares of the software maker’s stock worth $8,337,000 after acquiring an additional 19,174 shares in the last quarter. Plato Investment Management Ltd bought a new position in Workday in the second quarter valued at approximately $1,115,000. S&CO Inc. bought a new position in Workday in the second quarter valued at approximately $2,284,000. Sapient Capital LLC acquired a new position in Workday during the second quarter valued at approximately $13,045,000. Finally, Bank Pictet & Cie Europe AG raised its position in Workday by 8.1% during the third quarter. Bank Pictet & Cie Europe AG now owns 77,362 shares of the software maker’s stock valued at $14,734,000 after purchasing an additional 5,811 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $209.99 on Wednesday. The company’s 50 day moving average price is $193.30 and its two-hundred day moving average price is $156.43. Workday has a 12-month low of $110.36 and a 12-month high of $247.10. The firm has a market cap of $50.61 billion, a PE ratio of 42.59, a PEG ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the firm earned $2.21 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts predict that Workday will post 5.32 earnings per share for the current year.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.