Workday (WDAY) Price Target Raised to $135.00 at BMO Capital Markets
Workday (NASDAQ:WDAY) had its price objective hoisted by BMO Capital Markets from $117.00 to $135.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have a market perform rating on the software maker’s stock.
Several other brokerages have also recently issued reports on WDAY. KeyCorp restated a buy rating and issued a $140.00 price target (up previously from $131.00) on shares of Workday in a research report on Wednesday. UBS Group restated an overweight rating and issued a $135.00 price target on shares of Workday in a research report on Wednesday. Evercore ISI restated a hold rating and issued a $125.00 price target on shares of Workday in a research report on Friday, February 23rd. Bank of America boosted their price target on Workday from $134.00 to $141.00 and gave the company a buy rating in a research report on Monday, February 26th. Finally, Macquarie upgraded Workday from an underperform rating to a neutral rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. 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 fifty-two week low of $80.61 and a fifty-two week high of $131.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $29,200.00, a PE ratio of -85.25 and a beta of 1.86.
In related news, Director David A. Duffield sold 482,001 shares of the company’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 value of $50,017,243.77. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robynne Sisco sold 5,061 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $110.53, for a total value of $559,392.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,124,015 shares of company stock worth $119,440,206. Insiders own 37.71% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its stake in Workday by 8.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after buying an additional 19,446 shares in the last quarter. IBM Retirement Fund purchased a new stake in Workday in the 3rd quarter valued at approximately $204,000. Beech Hill Advisors Inc. purchased a new stake in Workday in the 4th quarter valued at approximately $275,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Workday by 3.2% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after buying an additional 19,122 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in Workday by 7.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after buying an additional 3,600 shares in the last quarter. 68.19% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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