KeyCorp restated their hold rating on shares of Workday, Inc. (NYSE:WDAY) in a report issued on Thursday.

“We are raising estimates for this year and next, factoring in a more optimistic share-gain scenario that appears to be unfolding.”,” the firm’s analyst wrote.

Several other equities research analysts have also commented on WDAY. Royal Bank Of Canada decreased their price target on Workday from $105.00 to $96.00 and set an outperform rating on the stock in a research note on Wednesday, May 24th. UBS AG reissued a buy rating and set a $115.00 price target (up previously from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the stock a buy rating in a research note on Saturday, June 3rd. ValuEngine raised Workday from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets boosted their price target on Workday from $105.00 to $110.00 and gave the stock a market perform rating in a research note on Thursday, August 17th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $98.61.

Shares of Workday (WDAY) traded down 0.56% during trading on Thursday, reaching $109.08. The company’s stock had a trading volume of 536,849 shares. The company has a 50 day moving average price of $102.91 and a 200 day moving average price of $93.95. The firm’s market capitalization is $22.58 billion. Workday has a 52 week low of $65.79 and a 52 week high of $111.45. Workday also saw some unusual options trading on Wednesday. Investors acquired 8,430 put options on the company. This is an increase of approximately 615% compared to the typical daily volume of 1,179 put options.

Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.88% and a negative net margin of 19.78%. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts expect that Workday will post $0.81 EPS for the current fiscal year.

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In related news, Director David A. Duffield sold 359,484 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $97.39, for a total transaction of $35,010,146.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aneel Bhusri sold 75,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $102.87, for a total transaction of $7,715,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,285,592 shares of company stock worth $128,237,888. 37.71% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Winfield Associates Inc. raised its stake in shares of Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after buying an additional 600 shares during the last quarter. First Personal Financial Services raised its stake in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after buying an additional 185 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares during the last quarter.

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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