OTR Global upgraded shares of Workday (NASDAQ:WDAY) to a positive rating in a research note published on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. Moffett Nathanson restated a neutral rating on shares of Workday in a report on Friday, June 1st. BidaskClub upgraded Workday from a buy rating to a strong-buy rating in a report on Friday. UBS Group raised their price objective on Workday to $145.00 and gave the company an overweight rating in a report on Friday, June 1st. Monness Crespi & Hardt raised their price objective on Workday from $156.00 to $158.00 and gave the company a buy rating in a report on Friday, June 1st. Finally, Piper Jaffray Companies restated an overweight rating and issued a $150.00 price objective (up previously from $140.00) on shares of Workday in a report on Monday, May 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Workday presently has an average rating of Buy and an average price target of $131.19.

Shares of NASDAQ WDAY opened at $151.00 on Friday. The stock has a market capitalization of $31.57 billion, a PE ratio of -118.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.77 and a quick ratio of 1.77. Workday has a fifty-two week low of $95.35 and a fifty-two week high of $151.72.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 31st. The software maker reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $609.66 million. Workday had a negative return on equity of 14.60% and a negative net margin of 14.53%. Workday’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. sell-side analysts forecast that Workday will post -0.78 EPS for the current fiscal year.

In other news, insider Gomez Luciano Fernandez sold 3,483 shares of the business’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $132.97, for a total transaction of $463,134.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James P. Shaughnessy sold 2,178 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was 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 have sold 922,773 shares of company stock valued at $118,117,147 in the last quarter. 33.59% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Workday during the second quarter worth approximately $548,000. Fiera Capital Corp boosted its holdings in shares of Workday by 20.7% during the second quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock worth $485,000 after acquiring an additional 688 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Workday by 18.0% during the second quarter. Allen Investment Management LLC now owns 28,636 shares of the software maker’s stock worth $3,468,000 after acquiring an additional 4,372 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Workday by 19.7% during the first quarter. Franklin Resources Inc. now owns 1,342,790 shares of the software maker’s stock worth $170,682,000 after acquiring an additional 220,640 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Workday by 48.1% during the first quarter. Aperio Group LLC now owns 31,321 shares of the software maker’s stock worth $3,981,000 after acquiring an additional 10,172 shares during the period. Institutional investors own 68.43% 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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