Workday Inc. (NYSE:WDAY)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They currently have a $95.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 5.80% from the company’s previous close.
A number of other brokerages have also recently issued reports on WDAY. Wedbush raised Workday from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $69.00 to $82.00 in a report on Wednesday. BTIG Research reissued a “buy” rating and set a $97.00 price objective on shares of Workday in a report on Wednesday. Deutsche Bank AG increased their price objective on Workday from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, September 16th. Vetr cut Workday from a “buy” rating to a “hold” rating and set a $87.71 price objective on the stock. in a report on Thursday, August 25th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $80.00 price objective (up previously from $74.00) on shares of Workday in a report on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.33.
Workday (NYSE:WDAY) traded up 0.22% on Wednesday, reaching $89.99. The company had a trading volume of 399,782 shares. Workday has a 12-month low of $47.32 and a 12-month high of $90.88. The stock’s market capitalization is $18.00 billion. The stock’s 50-day moving average price is $85.70 and its 200-day moving average price is $78.87.
Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm had revenue of $377.70 million for the quarter, compared to the consensus estimate of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. On average, equities research analysts anticipate that Workday will post ($0.04) EPS for the current fiscal year.
In other news, CFO Robynne Sisco sold 897 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.01, for a total value of $70,871.97. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Shaughnessy sold 11,750 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $74.56, for a total value of $876,080.00. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.
Several institutional investors have recently made changes to their positions in WDAY. Norges Bank acquired a new position in shares of Workday during the fourth quarter valued at approximately $45,517,000. Commonwealth Equity Services Inc increased its position in shares of Workday by 2.6% in the first quarter. Commonwealth Equity Services Inc now owns 4,499 shares of the company’s stock valued at $346,000 after buying an additional 115 shares during the last quarter. AO Asset Management LLC acquired a new position in shares of Workday during the first quarter valued at approximately $8,760,000. TIAA CREF Investment Management LLC increased its position in shares of Workday by 11.2% in the first quarter. TIAA CREF Investment Management LLC now owns 725,149 shares of the company’s stock valued at $55,720,000 after buying an additional 73,098 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Workday by 6.1% in the first quarter. Teachers Advisors Inc. now owns 208,404 shares of the company’s stock valued at $16,014,000 after buying an additional 12,018 shares during the last quarter.
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. It operates in the cloud applications segment.
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