Workday (WDAY) Price Target Raised to $115.00
Workday (NASDAQ:WDAY) had its target price lifted by Stifel Nicolaus from $98.00 to $115.00 in a research note released on Wednesday morning. The firm currently has a hold rating on the software maker’s stock.
WDAY has been the topic of several other reports. JPMorgan Chase & Co. reiterated a buy rating and set a $120.00 price target on shares of Workday in a research report on Tuesday, November 28th. Bank of America boosted their price objective on Workday from $134.00 to $141.00 and gave the stock a buy rating in a report on Monday, February 26th. BidaskClub lowered Workday from a strong-buy rating to a buy rating in a report on Tuesday, December 5th. Barclays boosted their price objective on Workday from $108.00 to $117.00 and gave the stock an equal weight rating in a report on Friday, November 17th. Finally, Deutsche Bank boosted their price objective on Workday from $105.00 to $115.00 and gave the stock a hold rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $119.22.
Shares of Workday (NASDAQ:WDAY) opened at $131.28 on Wednesday. Workday has a 52-week low of $80.61 and a 52-week high of $131.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11.
In other news, Director David A. Duffield sold 482,001 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Duffield sold 458,496 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $109.09, for a total value of $50,017,328.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,124,015 shares of company stock valued at $119,440,206. Insiders own 37.71% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Workday by 8.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after purchasing an additional 19,446 shares during the period. IBM Retirement Fund purchased a new stake in shares of Workday during the third quarter valued at approximately $204,000. Beech Hill Advisors Inc. purchased a new stake in shares of Workday during the fourth quarter valued at approximately $275,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Workday by 3.2% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after purchasing an additional 19,122 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Workday by 7.8% during the third quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after purchasing an additional 3,600 shares during the period. 68.19% of the stock is owned by hedge funds and other institutional investors.
WARNING: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/workday-wday-price-target-raised-to-115-00/1904524.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.