Workday Inc (NYSE:WDAY) has been given a consensus rating of “Hold” by the forty-one ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $102.37.
WDAY has been the subject of several recent research reports. JMP Securities lowered shares of Workday from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. FBN Securities upgraded shares of Workday from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $125.00 in a research note on Wednesday, October 11th. Robert W. Baird reiterated a “buy” rating and set a $114.00 target price on shares of Workday in a research note on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and set a $125.00 target price on shares of Workday in a research note on Friday, October 6th. Finally, UBS Group AG reiterated an “overweight” rating and set a $116.00 target price (up previously from $115.00) on shares of Workday in a research note on Thursday, August 31st.
Workday (NYSE:WDAY) traded up 1.25% on Thursday, hitting $107.12. 744,262 shares of the company were exchanged. The firm has a 50 day moving average of $106.24 and a 200-day moving average of $100.02. Workday has a 52-week low of $65.79 and a 52-week high of $111.45. The stock’s market cap is $22.28 billion.
Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the 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 firm had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities analysts expect that Workday will post $0.83 earnings per share for the current fiscal year.
In other Workday news, SVP James P. Shaughnessy sold 1,959 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.71, for a total transaction of $199,249.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. Duffield sold 457,386 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $109.35, for a total value of $50,015,159.10. The disclosure for this sale can be found here. Insiders sold 1,575,678 shares of company stock worth $170,655,114 in the last 90 days. 37.71% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Pictet Asset Management Ltd. grew its holdings in Workday by 7.8% during the third quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after purchasing an additional 3,600 shares during the last quarter. Korea Investment CORP grew its holdings in Workday by 7.8% during the third quarter. Korea Investment CORP now owns 41,529 shares of the software maker’s stock valued at $4,377,000 after purchasing an additional 3,000 shares during the last quarter. Aperio Group LLC grew its holdings in Workday by 21.6% during the third quarter. Aperio Group LLC now owns 19,632 shares of the software maker’s stock valued at $2,069,000 after purchasing an additional 3,492 shares during the last quarter. First Trust Advisors LP grew its holdings in Workday by 286.1% during the third quarter. First Trust Advisors LP now owns 247,497 shares of the software maker’s stock valued at $26,084,000 after purchasing an additional 183,391 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in Workday by 9.5% during the third quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 949 shares during the last quarter. Institutional investors own 67.08% of the company’s stock.
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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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