Oppenheimer Holdings Inc. reissued their outperform rating on shares of Workday Inc. (NYSE:WDAY) in a report issued on Tuesday. They currently have a $100.00 price objective on the stock, up from their previous price objective of $90.00.
Several other equities analysts have also weighed in on WDAY. Needham & Company LLC reissued a hold rating on shares of Workday in a research note on Wednesday, September 28th. First Analysis lowered Workday from an overweight rating to an equal weight rating and increased their target price for the company from $87.00 to $88.00 in a research note on Thursday, August 25th. Morgan Stanley increased their target price on Workday from $85.00 to $90.00 and gave the company an equal weight rating in a research note on Thursday, August 25th. Citigroup Inc. increased their target price on Workday from $87.00 to $88.00 and gave the company a neutral rating in a research note on Thursday, August 25th. Finally, BMO Capital Markets reissued a hold rating and issued a $93.00 target price on shares of Workday in a research note on Wednesday, September 28th. Two research 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 company’s stock. The stock has an average rating of Hold and a consensus target price of $86.19.
Shares of Workday (NYSE:WDAY) opened at 91.04 on Tuesday. Workday has a 52 week low of $47.32 and a 52 week high of $93.00. The company has a 50 day moving average price of $87.66 and a 200 day moving average price of $79.88. The company’s market cap is $18.21 billion.
Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm earned $377.70 million during the quarter, compared to the consensus estimate of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. Workday’s revenue 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, equities analysts expect that Workday will post ($0.03) earnings per share for the current year.
In related news, SVP James P. Shaughnessy sold 5,875 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $90.82, for a total transaction of $533,567.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James Bozzini sold 12,500 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $90.50, for a total value of $1,131,250.00. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Tybourne Capital Management HK Ltd. raised 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 worth $227,069,000 after buying an additional 1,721,958 shares in the last quarter. Vanguard Group Inc. raised its stake in Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock worth $617,509,000 after buying an additional 577,294 shares during the period. Norges Bank bought a new stake in Workday during the fourth quarter worth approximately $45,517,000. Emerald Acquisition Ltd. bought a new stake in Workday during the second quarter worth approximately $39,136,000. Finally, Southpoint Capital Advisors LP bought a new stake in Workday during the first quarter worth approximately $38,420,000.
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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