A number of other analysts have also issued reports on the stock. Robert W. Baird reiterated an outperform rating and set a $95.00 price objective on shares of Workday in a research note on Wednesday. BTIG Research restated a buy rating and issued a $97.00 price target on shares of Workday in a research note on Wednesday. Wedbush upgraded shares of Workday from an underperform rating to a neutral rating and lifted their price target for the stock from $69.00 to $82.00 in a research note on Wednesday. Deutsche Bank AG lifted their price target on shares of Workday from $75.00 to $85.00 and gave the stock a hold rating in a research note on Friday, September 16th. Finally, Needham & Company LLC restated a hold rating on shares of Workday in a research note on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the stock. Workday has a consensus rating of Hold and a consensus price target of $85.33.
Shares of Workday (NYSE:WDAY) traded down 0.12% during trading on Wednesday, reaching $90.77. 266,592 shares of the company’s stock were exchanged. Workday has a 52 week low of $47.32 and a 52 week high of $91.00. The stock’s market capitalization is $18.15 billion. The company’s 50-day moving average is $85.92 and its 200 day moving average is $78.95.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The firm had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. On average, analysts forecast that Workday will post ($0.04) earnings per share for the current year.
In related news, CEO Aneel Bhusri sold 10,353 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $79.06, for a total value of $818,508.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Shaughnessy sold 11,750 shares of the business’s stock in a transaction that occurred on 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. 41.78% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Tybourne Capital Management HK Ltd. boosted its stake in shares of Workday by 139.6% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,955,095 shares of the company’s stock valued at $227,069,000 after buying an additional 1,721,958 shares during the last quarter. State Street Corp boosted its stake 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 valued at $142,497,000 after buying an additional 73,344 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Workday during the first quarter valued at approximately $38,420,000. Legal & General Group Plc boosted its stake in shares of Workday by 14.1% in the first quarter. Legal & General Group Plc now owns 430,683 shares of the company’s stock valued at $33,094,000 after buying an additional 53,120 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $49,747,000 after buying an additional 30,992 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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