Workday (WDAY) Getting Somewhat Positive Press Coverage, Report Finds

Media stories about Workday (NASDAQ:WDAY) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Workday earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.6663127823078 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Workday (NASDAQ WDAY) traded up $2.62 during trading on Tuesday, hitting $99.20. The stock had a trading volume of 3,579,300 shares, compared to its average volume of 1,621,012. Workday has a 52 week low of $65.79 and a 52 week high of $116.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11.

Workday (NASDAQ:WDAY) last posted its earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company had revenue of $555.40 million for the quarter, compared to the consensus estimate of $541.05 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. analysts anticipate that Workday will post -1.31 EPS for the current year.

A number of brokerages have recently commented on WDAY. BidaskClub lowered Workday from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TheStreet upgraded Workday from a “d+” rating to a “c” rating in a report on Wednesday, November 29th. Oppenheimer reiterated a “buy” rating and set a $117.00 target price on shares of Workday in a report on Thursday, November 30th. UBS set a $95.00 target price on Workday and gave the stock a “sell” rating in a report on Thursday, November 30th. Finally, Jefferies Group reiterated a “hold” rating and set a $101.00 target price on shares of Workday in a report on Friday. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $102.73.

In other news, Director David A. Duffield sold 457,386 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $109.35, for a total value of $50,015,159.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Stankey sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $106.86, for a total value of $2,671,500.00. The disclosure for this sale can be found here. Insiders sold 1,531,940 shares of company stock worth $165,477,624 in the last ninety days. 37.71% of the stock is owned by company insiders.

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About Workday

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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