Shares of Workday Inc (NASDAQ:WDAY) have earned a consensus rating of “Buy” from the thirty-five ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $206.32.
WDAY has been the subject of a number of research reports. Monness Crespi & Hardt restated a “buy” rating and set a $220.00 target price (up previously from $185.00) on shares of Workday in a research report on Tuesday, February 26th. Oppenheimer upped their target price on shares of Workday from $185.00 to $216.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Piper Jaffray Companies restated an “overweight” rating and set a $220.00 target price on shares of Workday in a research report on Wednesday, February 27th. Jefferies Financial Group upped their target price on shares of Workday to $189.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Finally, KeyCorp increased their price objective on shares of Workday from $216.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 1st.
Shares of NASDAQ:WDAY traded down $4.06 during midday trading on Tuesday, reaching $205.02. 1,193,685 shares of the company were exchanged, compared to its average volume of 1,947,034. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $207.10. Workday has a one year low of $117.24 and a one year high of $221.00. The firm has a market capitalization of $46.97 billion, a PE ratio of -168.05 and a beta of 1.67.
Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The company had revenue of $825.10 million for the quarter, compared to the consensus estimate of $814.21 million. During the same quarter in the prior year, the company posted $0.33 EPS. Workday’s revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Workday will post -1.04 earnings per share for the current fiscal year.
In other news, Director Michael M. Mcnamara bought 1,000 shares of Workday stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average price of $197.52 per share, with a total value of $197,520.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Duffield sold 258,774 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $193.25, for a total transaction of $50,008,075.50. The disclosure for this sale can be found here. In the last three months, insiders sold 812,640 shares of company stock worth $159,908,456. Insiders own 29.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. increased its stake in Workday by 0.4% in the 1st quarter. American International Group Inc. now owns 13,836 shares of the software maker’s stock worth $2,668,000 after buying an additional 54 shares during the period. Shine Investment Advisory Services Inc. increased its stake in Workday by 60.9% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock worth $29,000 after buying an additional 56 shares during the period. Captrust Financial Advisors increased its stake in Workday by 60.0% in the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock worth $26,000 after buying an additional 60 shares during the period. CWM LLC increased its stake in Workday by 4.1% in the 1st quarter. CWM LLC now owns 1,571 shares of the software maker’s stock worth $303,000 after buying an additional 62 shares during the period. Finally, Gemmer Asset Management LLC increased its stake in Workday by 0.7% in the 1st quarter. Gemmer Asset Management LLC now owns 9,251 shares of the software maker’s stock worth $1,784,000 after buying an additional 64 shares during the period. 65.97% of the stock is currently owned by institutional investors and hedge funds.
Workday Company Profile
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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