Workday Inc. (NYSE:WDAY)‘s stock had its “hold” rating restated by equities research analysts at BMO Capital Markets in a research note issued on Wednesday. They currently have a $93.00 price objective on the stock. BMO Capital Markets’ price target would suggest a potential upside of 3.58% from the company’s current price.
A number of other equities research analysts also recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Workday in a report on Tuesday, August 30th. DA Davidson restated a “buy” rating and set a $99.00 price objective (up previously from $97.00) on shares of Workday in a report on Wednesday, August 24th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $78.00 price objective on shares of Workday in a report on Saturday, August 13th. Stephens began coverage on Workday in a report on Thursday, August 4th. They set an “equal weight” rating on the stock. Finally, Citigroup Inc. downgraded Workday from a “buy” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.33.
Workday (NYSE:WDAY) traded down 0.195% during mid-day trading on Wednesday, reaching $89.615. The company’s stock had a trading volume of 525,005 shares. Workday has a 12-month low of $47.32 and a 12-month high of $90.88. The company has a 50-day moving average price of $85.70 and a 200-day moving average price of $78.87. The firm’s market cap is $17.92 billion.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The business earned $377.70 million during the quarter, compared to analyst estimates of $372.68 million. During the same period in the previous year, the company posted $0.02 earnings per share. Workday’s revenue was up 33.6% compared to the same quarter last year. On average, equities research analysts expect that Workday will post ($0.04) earnings per share for the current year.
In related news, SVP James P. Shaughnessy sold 11,750 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $74.56, for a total value of $876,080.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David A. Duffield sold 351,750 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $88.23, for a total value of $31,034,902.50. The disclosure for this sale can be found here. 41.78% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Workday by 5.0% in the first quarter. Geode Capital Management LLC now owns 647,820 shares of the company’s stock worth $49,747,000 after buying an additional 30,992 shares during the period. State Street Corp boosted its position in shares of Workday by 4.1% in the first quarter. State Street Corp now owns 1,854,350 shares of the company’s stock worth $142,497,000 after buying an additional 73,344 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Workday during the first quarter worth about $546,000. Canada Pension Plan Investment Board boosted its position in shares of Workday by 1,953.8% in the first quarter. Canada Pension Plan Investment Board now owns 17,211 shares of the company’s stock worth $1,322,000 after buying an additional 16,373 shares during the period. Finally, Ithaka Group LLC boosted its position in shares of Workday by 0.9% in the first quarter. Ithaka Group LLC now owns 151,387 shares of the company’s stock worth $11,633,000 after buying an additional 1,289 shares during the period.
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. It operates in the cloud applications segment.
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