Workday, Inc. (NYSE:WDAY)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a note issued to investors on Monday. They currently have a $117.00 target price on the software maker’s stock. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 9.84% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, May 24th. UBS AG reiterated a “buy” rating and set a $115.00 price target (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on shares of Workday and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Cowen and Company reiterated a “market perform” rating and set a $100.00 price target (up from $93.00) on shares of Workday in a research note on Thursday, August 31st. Finally, ValuEngine upgraded shares of Workday from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $98.79.
Shares of Workday (NYSE:WDAY) traded up 1.48% during trading on Monday, hitting $106.59. The stock had a trading volume of 781,413 shares. The stock’s market cap is $22.17 billion. Workday has a one year low of $65.79 and a one year high of $111.45. The stock’s 50 day moving average price is $104.16 and its 200-day moving average price is $95.37.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter last year, the company posted ($0.04) EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. Analysts expect that Workday will post $0.82 earnings per share for the current fiscal year.
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In other news, Director Michael A. Stankey sold 25,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $102.12, for a total value of $2,553,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Duffield sold 457,386 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $109.35, for a total transaction of $50,015,159.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,310,752 shares of company stock valued at $134,888,238. 37.71% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Winfield Associates Inc. boosted its stake in shares of Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after purchasing an additional 600 shares during the period. First Personal Financial Services boosted its stake in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after purchasing an additional 185 shares during the period. Global X Management Co. LLC boosted its stake in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after purchasing an additional 97 shares during the period. IFP Advisors Inc boosted its stake in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after purchasing an additional 176 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 67.08% of the company’s stock.
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.
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