Research analysts at Guggenheim started coverage on shares of Workday (NASDAQ:WDAY) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “buy” rating on the software maker’s stock.

WDAY has been the topic of several other reports. BidaskClub raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Credit Suisse Group boosted their price target on shares of Workday from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, June 1st. Royal Bank of Canada boosted their price target on shares of Workday to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 29th. ValuEngine cut shares of Workday from a “buy” rating to a “hold” rating in a research report on Thursday, June 7th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price target (up from $140.00) on shares of Workday in a research report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $128.19.

WDAY traded up $0.64 during trading on Monday, hitting $143.29. The company had a trading volume of 2,191,762 shares, compared to its average volume of 1,725,481. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.57. Workday has a one year low of $95.35 and a one year high of $144.22. The stock has a market capitalization of $29.63 billion, a P/E ratio of -112.83 and a beta of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 31st. The software maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Workday had a negative net margin of 14.53% and a negative return on equity of 14.60%. The firm had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $609.66 million. During the same period in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. equities research analysts predict that Workday will post -0.78 EPS for the current fiscal year.

In other news, insider Gomez Luciano Fernandez sold 11,447 shares of Workday stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $126.63, for a total transaction of $1,449,533.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robynne Sisco sold 3,600 shares of Workday stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $133.31, for a total transaction of $479,916.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 922,773 shares of company stock worth $118,117,147. 33.59% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bristol John W & Co. Inc. NY grew its holdings in shares of Workday by 0.4% during the second quarter. Bristol John W & Co. Inc. NY now owns 395,940 shares of the software maker’s stock valued at $47,956,000 after buying an additional 1,604 shares during the last quarter. Global X Management Co LLC grew its holdings in shares of Workday by 55.7% during the second quarter. Global X Management Co LLC now owns 8,105 shares of the software maker’s stock valued at $982,000 after buying an additional 2,899 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Workday by 201.6% during the second quarter. Qube Research & Technologies Ltd now owns 2,561 shares of the software maker’s stock valued at $310,000 after purchasing an additional 1,712 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Workday by 3.0% during the second quarter. Pittenger & Anderson Inc. now owns 26,692 shares of the software maker’s stock valued at $3,233,000 after purchasing an additional 765 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Workday by 593.0% during the second quarter. Millennium Management LLC now owns 47,208 shares of the software maker’s stock valued at $5,718,000 after purchasing an additional 40,396 shares in the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.

Workday Company Profile

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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The Fly

Analyst Recommendations for Workday (NASDAQ:WDAY)

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