Canaccord Genuity reissued their buy rating on shares of Workday Inc (NYSE:WDAY) in a research report report published on Friday. They currently have a $125.00 price target on the software maker’s stock.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank AG reiterated a hold rating and issued a $105.00 target price (up previously from $95.00) on shares of Workday in a research note on Thursday, August 31st. BMO Capital Markets reiterated a market perform rating and issued a $117.00 target price (up previously from $110.00) on shares of Workday in a research note on Friday, September 1st. Drexel Hamilton reiterated a buy rating and issued a $122.00 target price on shares of Workday in a research note on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $114.00 target price (up previously from $101.00) on shares of Workday in a research note on Thursday, August 31st. Finally, Credit Suisse Group reiterated a neutral rating and issued a $94.00 target price on shares of Workday in a research note on Sunday, August 27th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $99.06.

Workday (NYSE:WDAY) opened at 110.23 on Friday. Workday has a 52-week low of $65.79 and a 52-week high of $111.45. The firm has a 50-day moving average price of $105.27 and a 200 day moving average price of $97.57. The firm’s market capitalization is $22.93 billion.

Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts forecast that Workday will post $0.83 EPS for the current year.

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In other news, COO James Bozzini sold 13,700 shares of Workday stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $99.99, for a total transaction of $1,369,863.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Stankey sold 25,000 shares of Workday stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $100.10, for a total value of $2,502,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 719,211 shares of company stock worth $77,520,886. 37.71% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Winfield Associates Inc. increased its position in shares of Workday by 136.4% during the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after purchasing an additional 600 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Workday by 47.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after purchasing an additional 183,444 shares during the period. First Trust Advisors LP increased its position in shares of Workday by 338.4% during the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after purchasing an additional 49,483 shares during the period. Prudential Financial Inc. increased its position in shares of Workday by 18.2% during the 1st quarter. Prudential Financial Inc. now owns 4,030 shares of the software maker’s stock valued at $336,000 after purchasing an additional 620 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Workday by 15.3% during the 2nd quarter. Teachers Advisors LLC now owns 201,054 shares of the software maker’s stock valued at $19,502,000 after purchasing an additional 26,700 shares during the period. Institutional investors own 67.08% of the company’s stock.

Workday Company Profile

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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Analyst Recommendations for Workday (NYSE:WDAY)

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