Workday Inc (NYSE:WDAY) had its price objective boosted by William Blair to $40.00 in a research note issued to investors on Friday, April 14th. William Blair currently has an outperform rating on the software maker’s stock.
Other equities research analysts also recently issued reports about the company. Macquarie set a $56.00 price objective on Workday and gave the stock a sell rating in a report on Thursday, January 12th. Drexel Hamilton reiterated a buy rating and issued a $104.00 price objective on shares of Workday in a report on Tuesday, February 7th. OTR Global upgraded Workday to a positive rating in a report on Friday, February 24th. Royal Bank of Canada restated a buy rating and set a $96.00 price target on shares of Workday in a research note on Thursday, February 23rd. Finally, Evercore ISI downgraded Workday from a buy rating to a hold rating in a research note on Tuesday, February 28th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $86.73.
Workday (NYSE:WDAY) traded up 2.09% during mid-day trading on Friday, hitting $97.43. 1,739,161 shares of the stock traded hands. Workday has a 1-year low of $65.79 and a 1-year high of $99.48. The company has a 50-day moving average of $87.09 and a 200 day moving average of $82.14. The firm’s market capitalization is $19.78 billion.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Monday, February 27th. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Workday had a negative return on equity of 29.55% and a negative net margin of 26.36%. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $430.19 million. During the same period last year, the company earned ($0.01) earnings per share. The company’s revenue was up 35.0% on a year-over-year basis. On average, equities research analysts anticipate that Workday will post $0.51 EPS for the current year.
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In other Workday news, insider Mark S. Peek sold 10,249 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $95.11, for a total transaction of $974,782.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aneel Bhusri sold 13,252 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $83.15, for a total value of $1,101,903.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 848,462 shares of company stock worth $70,575,582. 41.78% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Advisor Group Inc. boosted its stake in shares of Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the software maker’s stock worth $109,000 after buying an additional 155 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares during the last quarter. TLP Group LLC boosted its stake in shares of Workday by 107.0% in the third quarter. TLP Group LLC now owns 1,414 shares of the software maker’s stock worth $130,000 after buying an additional 731 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Workday during the first quarter worth $124,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Workday during the third quarter worth $138,000.
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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