Workday (WDAY) Receiving Somewhat Positive Press Coverage, Study Finds

Press coverage about Workday (NASDAQ:WDAY) has trended somewhat positive on Thursday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Workday earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.6891192528262 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

WDAY has been the topic of a number of research reports. JMP Securities downgraded shares of Workday from a “market outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and issued a $114.00 price objective on shares of Workday in a report on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and issued a $125.00 price objective on shares of Workday in a report on Friday, October 6th. Finally, Guggenheim reissued a “hold” rating and issued a $106.00 price objective on shares of Workday in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.81.

Workday (NASDAQ WDAY) traded up $1.02 during trading on Thursday, hitting $113.28. 1,200,000 shares of the stock traded hands, compared to its average volume of 2,150,000. The company has a market capitalization of $23,560.00, a PE ratio of -78.67 and a beta of 1.83. 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 has a 52-week low of $80.38 and a 52-week high of $116.89.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. sell-side analysts expect that Workday will post -1.1 earnings per share for the current fiscal year.

In other news, Director David A. Duffield sold 482,001 shares of Workday stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $103.77, for a total transaction of $50,017,243.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,197,306 shares of company stock worth $126,753,397. Company insiders own 37.71% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Workday (NASDAQ:WDAY)

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