Workday (NASDAQ:WDAY) had its target price raised by stock analysts at Stifel Nicolaus from $115.00 to $150.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 4.27% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Moffett Nathanson reiterated a “neutral” rating on shares of Workday in a report on Friday, June 1st. Monness Crespi & Hardt increased their target price on Workday from $158.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets increased their target price on Workday from $137.00 to $165.00 and gave the stock a “market perform” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and set a $124.00 target price (down previously from $152.00) on shares of Workday in a report on Wednesday. Finally, JMP Securities reiterated an “outperform” rating and set a $152.95 target price (down previously from $175.00) on shares of Workday in a report on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $138.58.

Shares of Workday stock opened at $156.69 on Wednesday. The firm has a market cap of $33.38 billion, a P/E ratio of -123.38 and a beta of 2.02. Workday has a 12 month low of $95.35 and a 12 month high of $157.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.77 and a current ratio of 1.77.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $671.70 million for the quarter, compared to the consensus estimate of $663.38 million. Workday had a negative return on equity of 14.60% and a negative net margin of 14.53%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. analysts expect that Workday will post -0.78 EPS for the current year.

In other news, CEO Aneel Bhusri sold 7,380 shares of the firm’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $133.38, for a total value of $984,344.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Shaughnessy sold 2,178 shares of the firm’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $134.53, for a total value of $293,006.34. The disclosure for this sale can be found here. Insiders sold a total of 446,338 shares of company stock valued at $57,004,552 in the last 90 days. 33.59% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of WDAY. Twin Tree Management LP grew its holdings in Workday by 112.5% during the first quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock worth $122,000 after purchasing an additional 8,609 shares during the period. Northstar Capital Management LLC bought a new position in Workday during the first quarter worth about $133,000. Nisa Investment Advisors LLC grew its holdings in Workday by 55.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock worth $170,000 after purchasing an additional 500 shares during the period. Cerebellum GP LLC bought a new position in Workday during the second quarter worth about $183,000. Finally, Mirador Capital Partners LP bought a new position in Workday during the second quarter worth about $200,000. Institutional investors and hedge funds own 67.96% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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