Workday, Inc. (WDAY) Rating Reiterated by Northland Securities
Northland Securities reiterated their hold rating on shares of Workday, Inc. (NYSE:WDAY) in a research report report published on Friday morning. Northland Securities currently has a $90.00 target price on the software maker’s stock.
A number of other research analysts have also issued reports on the stock. J P Morgan Chase & Co boosted their price target on shares of Workday to $115.00 and gave the stock an overweight rating in a research note on Thursday, July 13th. Canaccord Genuity reiterated a buy rating and set a $115.00 price target on shares of Workday in a research note on Friday, July 7th. BidaskClub lowered shares of Workday from a strong-buy rating to a buy rating in a research note on Thursday, June 29th. Mitsubishi UFJ Financial Group set a $106.00 price target on shares of Workday and gave the stock a buy rating in a research note on Saturday, June 3rd. Finally, Morgan Stanley reiterated an equal weight rating and set a $100.00 price target (up from $91.00) on shares of Workday in a research note on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have given a buy rating to the company. Workday has a consensus rating of Hold and an average target price of $92.37.
Shares of Workday (NYSE WDAY) opened at 102.11 on Friday. The firm’s market capitalization is $21.14 billion. The stock’s 50 day moving average price is $100.53 and its 200-day moving average price is $90.94. Workday has a 52-week low of $65.79 and a 52-week high of $106.75.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The business had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue was up 38.0% compared to the same quarter last year. Equities research analysts anticipate that Workday will post $0.65 EPS for the current fiscal year.
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In other news, SVP James P. Shaughnessy sold 8,760 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $103.62, for a total value of $907,711.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark S. Peek sold 10,249 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $95.11, for a total transaction of $974,782.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,284,581 shares of company stock worth $127,908,387. 37.71% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Comerica Bank acquired a new position in shares of Workday during the fourth quarter worth approximately $373,000. Dimensional Fund Advisors LP increased its position in shares of Workday by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 100,317 shares of the software maker’s stock worth $6,631,000 after buying an additional 4,177 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Workday by 52.7% in the fourth quarter. Guggenheim Capital LLC now owns 17,302 shares of the software maker’s stock worth $1,143,000 after buying an additional 5,969 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Workday by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 168,981 shares of the software maker’s stock worth $11,168,000 after buying an additional 7,732 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Workday during the fourth quarter worth approximately $3,827,000.
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. 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.
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