Workday, Inc. (WDAY) Rating Reiterated by Oppenheimer Holdings, Inc.
Workday, Inc. (NYSE:WDAY)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a note issued to investors on Monday. They presently have a $117.00 target price on the software maker’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 10.09% from the company’s current price.
A number of other research firms have also weighed in on WDAY. Piper Jaffray Companies reiterated an “overweight” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Workday in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $114.00 price target (up from $101.00) on shares of Workday in a report on Thursday, August 31st. Cowen and Company reissued a “market perform” rating and set a $100.00 price target (up from $93.00) on shares of Workday in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and set a $114.00 price target on shares of Workday in a report on Friday, September 1st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $117.00 price target (up from $110.00) on shares of Workday in a report on Friday, September 1st. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.79.
Workday (NYSE:WDAY) opened at 106.28 on Monday. The stock’s market cap is $22.11 billion. The stock’s 50 day moving average is $104.37 and its 200 day moving average is $95.86. Workday has a 52 week low of $65.79 and a 52 week high of $111.45.
Workday (NYSE:WDAY) last released its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. The firm had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Analysts predict that Workday will post $0.82 EPS for the current year.
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In related news, Director Michael A. Stankey sold 25,000 shares of Workday stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $102.12, for a total value of $2,553,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James P. Shaughnessy sold 8,760 shares of Workday stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $103.62, for a total transaction of $907,711.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,339,749 shares of company stock valued at $137,923,554. Insiders own 37.71% of the company’s stock.
A number of institutional investors have recently modified their holdings of WDAY. Capstone Asset Management Co. purchased a new position in Workday in the first quarter worth approximately $234,000. Waldron LP lifted its stake in Workday by 167.1% in the first quarter. Waldron LP now owns 11,102 shares of the software maker’s stock worth $896,000 after acquiring an additional 6,946 shares during the last quarter. ProShare Advisors LLC purchased a new position in Workday in the first quarter worth approximately $241,000. Chicago Equity Partners LLC purchased a new position in Workday in the first quarter worth approximately $212,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in Workday by 151.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,170 shares of the software maker’s stock worth $714,000 after acquiring an additional 4,924 shares during the last quarter. 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.
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