UBS AG reissued their sell rating on shares of Workday Inc (NYSE:WDAY) in a research report sent to investors on Thursday morning. The firm currently has a $95.00 target price on the software maker’s stock, down from their prior target price of $121.00.

Several other equities analysts have also recently commented on WDAY. Stifel Nicolaus reiterated a hold rating and set a $92.00 target price on shares of Workday in a research note on Tuesday, August 22nd. Northland Securities restated a hold rating and issued a $90.00 price objective on shares of Workday in a research note on Sunday, October 29th. Piper Jaffray Companies restated a buy rating and issued a $115.00 price objective on shares of Workday in a research note on Tuesday, August 22nd. BidaskClub upgraded shares of Workday from a buy rating to a strong-buy rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets increased their price objective on shares of Workday from $105.00 to $110.00 and gave the company a market perform rating in a research note on Thursday, August 17th. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $99.53.

Workday (NYSE WDAY) traded up $1.16 during trading hours on Thursday, reaching $107.31. 1,176,082 shares of the company traded hands, compared to its average volume of 1,577,982. Workday has a 1 year low of $65.79 and a 1 year high of $111.94. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.16.

Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The firm had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS.

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In related news, CEO Aneel Bhusri sold 8,816 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.65, for a total value of $896,146.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Duffield sold 461,232 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $108.44, for a total transaction of $50,015,998.08. The disclosure for this sale can be found here. Insiders sold a total of 1,575,678 shares of company stock worth $170,655,114 over the last quarter. 37.71% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC raised its holdings in Workday by 0.5% during the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after buying an additional 45 shares during the period. Nordea Investment Management AB raised its holdings in Workday by 2.5% during the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after buying an additional 83 shares during the period. Global X Management Co. LLC raised its holdings in Workday by 9.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares during the period. Gemmer Asset Management LLC raised its holdings in Workday by 1.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock worth $861,000 after buying an additional 117 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Workday by 2.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 67.08% of the company’s stock.

About Workday

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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