Workday Inc (NASDAQ:WDAY) has earned a consensus recommendation of “Buy” from the thirty-four research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $149.26.
A number of research firms recently commented on WDAY. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. Sanford C. Bernstein upgraded Workday from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a report on Wednesday, October 17th. ValuEngine upgraded Workday from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Barclays reiterated a “hold” rating and set a $150.00 price target on shares of Workday in a report on Thursday, September 6th. Finally, Deutsche Bank lifted their price target on Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th.
In other news, Director David A. Duffield sold 1,434 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $127.25, for a total transaction of $182,476.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robynne Sisco sold 6,281 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $127.25, for a total value of $799,257.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,782 shares of company stock valued at $68,244,014. Corporate insiders own 33.59% of the company’s stock.
Large investors have recently modified their holdings of the company. Motley Fool Asset Management LLC raised its position in shares of Workday by 18.7% in the second quarter. Motley Fool Asset Management LLC now owns 2,328 shares of the software maker’s stock valued at $282,000 after buying an additional 366 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Workday by 4.4% in the third quarter. Candriam Luxembourg S.C.A. now owns 8,782 shares of the software maker’s stock valued at $1,282,000 after buying an additional 368 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Workday by 2.7% in the third quarter. CIBC Asset Management Inc now owns 14,829 shares of the software maker’s stock valued at $2,165,000 after buying an additional 387 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Workday by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 72,114 shares of the software maker’s stock valued at $8,736,000 after buying an additional 426 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of Workday by 20.8% in the second quarter. Diversified Trust Co now owns 2,670 shares of the software maker’s stock valued at $323,000 after buying an additional 460 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.
Workday stock traded down $6.06 during midday trading on Monday, reaching $139.93. 1,832,612 shares of the company’s stock were exchanged, compared to its average volume of 2,184,213. Workday has a 52 week low of $95.35 and a 52 week high of $157.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $31.30 billion, a P/E ratio of -110.18 and a beta of 2.04.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The business had revenue of $671.70 million during the quarter, compared to analysts’ expectations of $663.38 million. During the same quarter last year, the company posted $0.24 earnings per share. Workday’s quarterly revenue was up 27.9% on a year-over-year basis. Research analysts forecast that Workday will post -1.11 earnings per share for the current year.
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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