UBS AG Reaffirms “Sell” Rating for Workday Inc (WDAY)

UBS AG reiterated their sell rating on shares of Workday Inc (NYSE:WDAY) in a research report released on Thursday, 99wallstreet.com reports. UBS AG currently has a $95.00 price objective on the software maker’s stock, down from their prior price objective of $121.00.

A number of other analysts have also weighed in on WDAY. J P Morgan Chase & Co raised their price objective on shares of Workday to $115.00 and gave the company an overweight rating in a research note on Thursday, July 13th. Northland Securities restated a hold rating and set a $90.00 price objective on shares of Workday in a research note on Friday, July 28th. Royal Bank Of Canada restated a buy rating and set a $106.00 price objective on shares of Workday in a research note on Sunday, August 6th. BidaskClub upgraded shares of Workday from a buy rating to a strong-buy rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets raised their price objective on shares of Workday from $105.00 to $110.00 and gave the company a market perform rating in a research note on Thursday, August 17th. Five investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fifteen have assigned a buy rating to the stock. Workday presently has a consensus rating of Hold and an average target price of $99.53.

Workday (WDAY) traded up $1.16 during trading hours on Thursday, reaching $107.31. 1,181,600 shares of the company’s stock were exchanged, compared to its average volume of 1,577,982. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday has a 1-year low of $65.79 and a 1-year high of $111.94.

Workday (NYSE:WDAY) last released its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. Workday’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS.

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In other news, SVP James P. Shaughnessy sold 8,781 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $108.44, for a total transaction of $952,211.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 1,959 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $101.71, for a total transaction of $199,249.89. The disclosure for this sale can be found here. Insiders have sold 1,575,678 shares of company stock worth $170,655,114 in the last quarter. Company insiders own 37.71% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Winfield Associates Inc. boosted its stake in shares of Workday by 136.4% during 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% during 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% during 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% during 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% during 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. 67.08% of the stock is owned by hedge funds and other institutional investors.

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 (NYSE:WDAY)

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