Workday (WDAY) Given Overweight Rating at UBS Group
UBS Group reaffirmed their overweight rating on shares of Workday (NASDAQ:WDAY) in a research report released on Wednesday, The Fly reports. The firm currently has a $135.00 target price on the software maker’s stock.
A number of other equities research analysts have also recently issued reports on WDAY. KeyCorp restated a buy rating and set a $140.00 price target (up from $131.00) on shares of Workday in a report on Wednesday. Evercore ISI restated a hold rating and set a $125.00 price target on shares of Workday in a report on Friday, February 23rd. Royal Bank of Canada upped their price target on shares of Workday to $135.00 and gave the company an outperform rating in a report on Thursday, February 22nd. Macquarie upgraded shares of Workday from an underperform rating to a neutral rating in a report on Monday, February 26th. Finally, Bank of America upped their price target on shares of Workday from $134.00 to $141.00 and gave the company a buy rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nineteen have issued a buy rating to the stock. Workday has a consensus rating of Hold and an average target price of $119.22.
Shares of Workday (NASDAQ WDAY) opened at $131.28 on Wednesday. The stock has a market cap of $29,200.00, a price-to-earnings ratio of -85.25 and a beta of 1.86. Workday has a fifty-two week low of $80.61 and a fifty-two week high of $131.38. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
In other news, insider Gomez Luciano Fernandez sold 1,709 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $124.23, for a total transaction of $212,309.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Duffield sold 482,001 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $103.77, for a total transaction of $50,017,243.77. The disclosure for this sale can be found here. Insiders sold 1,124,015 shares of company stock valued at $119,440,206 in the last three months. Company insiders own 37.71% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. Dimensional Fund Advisors LP increased its holdings in shares of Workday by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 101,724 shares of the software maker’s stock worth $9,867,000 after buying an additional 2,797 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of Workday by 52.1% during the third quarter. Shell Asset Management Co. now owns 11,533 shares of the software maker’s stock worth $951,000 after buying an additional 3,950 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Workday by 5.0% during the third quarter. APG Asset Management N.V. now owns 67,354 shares of the software maker’s stock worth $7,098,000 after buying an additional 3,200 shares in the last quarter. BB&T Corp acquired a new stake in shares of Workday during the third quarter worth approximately $211,000. Finally, First Trust Advisors LP increased its holdings in shares of Workday by 286.1% during the third quarter. First Trust Advisors LP now owns 247,497 shares of the software maker’s stock worth $26,084,000 after buying an additional 183,391 shares in the last quarter. 68.19% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.watchlistnews.com/workday-wday-given-overweight-rating-at-ubs-group/1906656.html.
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.
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.