Workday (NASDAQ:WDAY) PT Lowered to $205.00 at DA Davidson

Workday (NASDAQ:WDAYGet Rating) had its price objective decreased by DA Davidson from $220.00 to $205.00 in a research report sent to investors on Tuesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Wolfe Research boosted their price objective on shares of Workday from $210.00 to $240.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Morgan Stanley dropped their target price on shares of Workday from $282.00 to $220.00 and set an overweight rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Workday from $225.00 to $230.00 and gave the company a buy rating in a report on Friday, August 26th. Barclays dropped their price objective on shares of Workday from $208.00 to $198.00 and set an overweight rating on the stock in a report on Friday, November 18th. Finally, Guggenheim raised shares of Workday from a sell rating to a neutral rating in a research report on Monday, November 7th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $221.48.

Workday Trading Up 2.1 %

Shares of WDAY stock opened at $149.34 on Tuesday. The firm has a 50 day moving average price of $148.99 and a two-hundred day moving average price of $153.24. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $38.23 billion, a PE ratio of -191.46 and a beta of 1.29. Workday has a 12-month low of $128.72 and a 12-month high of $285.58.

Workday (NASDAQ:WDAYGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same period last year, the firm posted $0.49 earnings per share. As a group, analysts predict that Workday will post -0.61 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 102,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the sale, the insider now owns 102,500 shares in the company, valued at approximately $16,014,600. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder David A. Duffield sold 102,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the transaction, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gomez Luciano Fernandez sold 2,046 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total value of $323,922.72. Following the transaction, the chief executive officer now owns 257,656 shares in the company, valued at approximately $40,792,097.92. The disclosure for this sale can be found here. Insiders sold 120,974 shares of company stock valued at $18,758,209 over the last 90 days. 21.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

Several institutional investors have recently bought and sold shares of WDAY. Renaissance Technologies LLC grew its position in Workday by 674.2% in the second quarter. Renaissance Technologies LLC now owns 2,274,400 shares of the software maker’s stock valued at $317,461,000 after acquiring an additional 1,980,629 shares during the last quarter. Tiger Global Management LLC increased its holdings in shares of Workday by 134.6% during the third quarter. Tiger Global Management LLC now owns 3,172,411 shares of the software maker’s stock valued at $482,904,000 after acquiring an additional 1,820,074 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Workday during the third quarter worth $161,644,000. Steadfast Capital Management LP boosted its position in Workday by 8,913.6% in the first quarter. Steadfast Capital Management LP now owns 686,474 shares of the software maker’s stock worth $164,383,000 after purchasing an additional 678,858 shares during the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in Workday by 18.1% in the third quarter. Sustainable Growth Advisers LP now owns 3,597,255 shares of the software maker’s stock worth $547,574,000 after purchasing an additional 551,281 shares during the last quarter. Institutional investors own 68.16% of the company’s stock.

About Workday

(Get Rating)

Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

Read More

The Fly logo

Analyst Recommendations for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.