BidaskClub downgraded shares of Workday (NASDAQ:WDAY) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other analysts have also recently weighed in on WDAY. KeyCorp set a $235.00 price target on shares of Workday and gave the stock a buy rating in a research report on Thursday, August 29th. Piper Jaffray Companies raised their price objective on Workday from $225.00 to $240.00 and gave the company an overweight rating in a research report on Wednesday, May 29th. UBS Group boosted their price objective on Workday from $148.00 to $160.00 and gave the stock a sell rating in a research note on Wednesday, May 29th. Morgan Stanley set a $219.00 price objective on Workday and gave the stock a buy rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus upped their target price on Workday from $195.00 to $210.00 and gave the stock a hold rating in a research report on Friday, August 30th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $212.45.

Shares of WDAY stock opened at $173.89 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday has a fifty-two week low of $117.72 and a fifty-two week high of $226.83. The firm’s 50 day moving average price is $190.95 and its two-hundred day moving average price is $198.66. The stock has a market cap of $39.28 billion, a price-to-earnings ratio of -142.53 and a beta of 1.56.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.05). Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The business had revenue of $887.75 million during the quarter, compared to analyst estimates of $872.44 million. During the same period in the previous year, the company earned $0.31 EPS. Workday’s revenue was up 32.2% on a year-over-year basis. On average, equities analysts forecast that Workday will post -1.07 EPS for the current fiscal year.

In other news, CFO Robynne Sisco sold 10,235 shares of Workday stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $218.42, for a total value of $2,235,528.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 6,576 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $219.15, for a total value of $1,441,130.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,041,609 shares of company stock valued at $198,819,164. 29.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. CWM Advisors LLC grew its position in shares of Workday by 11.0% during the 2nd quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock valued at $751,000 after buying an additional 362 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of Workday by 17.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,299 shares of the software maker’s stock worth $636,000 after purchasing an additional 490 shares during the period. Aviva PLC raised its position in shares of Workday by 6.8% during the 2nd quarter. Aviva PLC now owns 58,600 shares of the software maker’s stock worth $12,047,000 after purchasing an additional 3,715 shares during the period. Comerica Bank lifted its holdings in shares of Workday by 12.1% in the 2nd quarter. Comerica Bank now owns 5,530 shares of the software maker’s stock worth $1,206,000 after purchasing an additional 595 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Workday by 652.0% in the 2nd quarter. Advisory Services Network LLC now owns 564 shares of the software maker’s stock worth $116,000 after purchasing an additional 489 shares during the last quarter. 67.24% of the stock is currently owned by institutional investors and hedge funds.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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