Workday Inc (WDAY) Upgraded at FBN Securities

Workday Inc (NYSE:WDAY) was upgraded by equities research analysts at FBN Securities from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $125.00 price target on the software maker’s stock, up from their prior price target of $115.00. FBN Securities’ price objective points to a potential upside of 15.41% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada restated a “buy” rating and set a $116.00 price target on shares of Workday in a report on Sunday, August 27th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 price target on shares of Workday in a report on Tuesday, August 22nd. Canaccord Genuity restated a “buy” rating and set a $115.00 price target on shares of Workday in a report on Friday, July 7th. BidaskClub lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $122.00 price objective on shares of Workday in a research note on Tuesday, August 29th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $99.85.

Shares of Workday (NYSE:WDAY) traded down 0.29% during mid-day trading on Wednesday, reaching $108.00. 974,288 shares of the company were exchanged. The company’s 50 day moving average price is $105.68 and its 200 day moving average price is $98.18. Workday has a 12 month low of $65.79 and a 12 month high of $111.45. The firm’s market capitalization is $14.47 billion.

Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Workday will post $0.83 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Workday Inc (WDAY) Upgraded at FBN Securities” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/10/11/workday-inc-wday-upgraded-at-fbn-securities.html.

In other Workday news, CFO Robynne Sisco sold 5,262 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $102.75, for a total transaction of $540,670.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James P. Shaughnessy sold 8,760 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $103.62, for a total transaction of $907,711.20. The disclosure for this sale can be found here. Insiders have sold a total of 719,211 shares of company stock valued at $77,520,886 in the last quarter. 37.71% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Fisher Asset Management LLC grew its holdings in Workday by 0.5% during the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after acquiring an additional 45 shares during the last quarter. Nordea Investment Management AB grew its holdings in Workday by 2.5% during the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after acquiring an additional 83 shares during the last quarter. Global X Management Co. LLC grew its holdings in Workday by 9.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after acquiring an additional 97 shares during the last quarter. Gemmer Asset Management LLC grew its holdings in Workday by 1.3% during the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock worth $861,000 after acquiring an additional 117 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Workday by 2.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after acquiring an additional 126 shares during the last quarter. 67.08% of the stock is currently 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)

What are top analysts saying about Workday Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Workday Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit