Robert W. Baird restated their buy rating on shares of Workday Inc (NYSE:WDAY) in a report issued on Thursday morning. The firm currently has a $114.00 price objective on the software maker’s stock.

A number of other research analysts have also recently issued reports on WDAY. Stifel Nicolaus reiterated a hold rating and issued a $92.00 target price on shares of Workday in a research note on Tuesday, August 22nd. Canaccord Genuity reiterated a buy rating and issued a $125.00 target price on shares of Workday in a research note on Friday, October 6th. Piper Jaffray Companies reiterated a buy rating and issued a $115.00 target price on shares of Workday in a research note on Tuesday, August 22nd. FBN Securities upgraded shares of Workday from a sector perform rating to an outperform rating and lifted their target price for the company from $115.00 to $125.00 in a research note on Wednesday. Finally, BidaskClub upgraded shares of Workday from a buy rating to a strong-buy rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company. Workday has a consensus rating of Hold and a consensus price target of $99.85.

Shares of Workday (NYSE:WDAY) traded up 0.66% during mid-day trading on Thursday, hitting $109.36. The stock had a trading volume of 1,619,993 shares. The stock’s market cap is $22.75 billion. Workday has a one year low of $65.79 and a one year high of $111.45. The firm has a 50 day moving average of $105.92 and a 200 day moving average of $98.33.

Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The company had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Workday’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts forecast that Workday will post $0.83 earnings per share for the current year.

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In related news, SVP James P. Shaughnessy sold 8,760 shares of the company’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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Bozzini sold 13,700 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $99.99, for a total transaction of $1,369,863.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,574,566 shares of company stock valued at $170,342,437. Company insiders own 37.71% of the company’s stock.

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

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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