Workday (NASDAQ:WDAY) posted its quarterly earnings data on Thursday. The software maker reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.76, Bloomberg Earnings reports. Workday had a negative net margin of 15.40% and a negative return on equity of 16.36%. The firm had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $723.38 million. During the same period in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was up 33.8% compared to the same quarter last year.
WDAY stock opened at $164.00 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89. Workday has a 1 year low of $95.35 and a 1 year high of $166.36.
In related news, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $144.66, for a total value of $10,849,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Duffield sold 374,488 shares of Workday stock in a transaction on Monday, October 8th. The shares were sold at an average price of $133.55, for a total transaction of $50,012,872.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 503,782 shares of company stock valued at $68,244,014. 33.59% of the stock is owned by company insiders.
Several research firms have weighed in on WDAY. Monness Crespi & Hardt lifted their price objective on shares of Workday from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their target price on shares of Workday from $141.00 to $152.00 and gave the company a “hold” rating in a research note on Friday. Stifel Nicolaus lifted their target price on shares of Workday to $160.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of Workday from $165.00 to $170.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Credit Suisse Group lifted their target price on shares of Workday from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Workday currently has an average rating of “Buy” and an average price target of $153.88.
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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