Workday (NASDAQ:WDAY) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other equities analysts have also issued research reports about the company. Guggenheim reaffirmed a “hold” rating and issued a $106.00 price target on shares of Workday in a research note on Thursday, January 11th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price target (down previously from $106.00) on shares of Workday in a research note on Thursday, November 30th. Drexel Hamilton reaffirmed a “buy” rating and issued a $133.00 price target on shares of Workday in a research note on Wednesday, November 29th. Northland Securities reaffirmed a “hold” rating and issued a $90.00 price target on shares of Workday in a research note on Sunday, October 29th. Finally, Stifel Nicolaus upped their price target on Workday from $92.00 to $98.00 and gave the company a “hold” rating in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.81.

Workday (NASDAQ:WDAY) opened at $110.97 on Wednesday. The firm has a market capitalization of $23,080.00, a price-to-earnings ratio of -77.06 and a beta of 2.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11. Workday has a 12 month low of $80.61 and a 12 month high of $121.98.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. equities analysts forecast that Workday will post -1.1 EPS for the current fiscal year.

In other Workday news, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Duffield sold 482,001 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $103.77, for a total value of $50,017,243.77. The disclosure for this sale can be found here. Insiders sold a total of 1,197,306 shares of company stock worth $126,753,397 in the last quarter. Company insiders own 37.71% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its holdings in Workday by 22.5% during the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after purchasing an additional 236 shares during the period. FNY Managed Accounts LLC increased its holdings in Workday by 607.7% during the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock worth $145,000 after purchasing an additional 1,185 shares during the period. Toronto Dominion Bank increased its holdings in Workday by 15.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after purchasing an additional 201 shares during the period. IBM Retirement Fund purchased a new stake in Workday during the 3rd quarter worth about $204,000. Finally, BlueSky Wealth Advisors LLC purchased a new stake in Workday during the 3rd quarter worth about $206,000. Institutional investors own 66.90% of the company’s stock.

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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.

Analyst Recommendations for Workday (NASDAQ:WDAY)

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