Workday, Inc. (WDAY) Receives $102.06 Average Target Price from Analysts
Shares of Workday, Inc. (NASDAQ:WDAY) have received a consensus rating of “Hold” from the forty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $102.06.
WDAY has been the subject of a number of research reports. Northland Securities reaffirmed a “hold” rating and set a $90.00 price target on shares of Workday in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $106.00 price target on shares of Workday in a research report on Sunday, August 6th. BidaskClub raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets upped their price target on shares of Workday from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price target on shares of Workday in a research report on Tuesday, August 22nd.
Shares of Workday (WDAY) traded up $0.99 during trading on Monday, reaching $116.14. 501,561 shares of the company were exchanged, compared to its average volume of 1,155,002. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday has a 12-month low of $65.79 and a 12-month high of $116.62.
Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The firm had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. During the same period in the prior year, the company earned ($0.04) EPS. The firm’s revenue was up 40.6% on a year-over-year basis. sell-side analysts expect that Workday will post -1.33 earnings per share for the current year.
In other Workday news, COO James Bozzini sold 13,700 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $99.99, for a total value of $1,369,863.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Duffield sold 457,386 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $109.35, for a total transaction of $50,015,159.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,542,724 shares of company stock valued at $167,301,313. 37.71% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Winfield Associates Inc. boosted its holdings 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 acquiring an additional 600 shares in the last quarter. First Personal Financial Services boosted its holdings 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 acquiring an additional 185 shares in the last quarter. Global X Management Co. LLC boosted its holdings 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 acquiring an additional 97 shares in the last quarter. IFP Advisors Inc boosted its holdings 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 acquiring an additional 176 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.
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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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