Shares of Workday Inc (NASDAQ:WDAY) hit a new 52-week high during trading on Tuesday after Bank of America raised their price target on the stock from $134.00 to $141.00. Bank of America currently has a buy rating on the stock. Workday traded as high as $129.08 and last traded at $127.80, with a volume of 1930600 shares traded. The stock had previously closed at $127.80.
Other analysts have also issued reports about the company. Robert W. Baird reiterated a “buy” rating and issued a $114.00 price objective on shares of Workday in a research report on Friday, November 10th. Drexel Hamilton reiterated a “buy” rating and issued a $133.00 price objective on shares of Workday in a research report on Wednesday, November 29th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $120.00 price objective on shares of Workday in a research report on Tuesday, November 28th. Oppenheimer reiterated a “buy” rating and issued a $117.00 price objective on shares of Workday in a research report on Thursday, November 30th. Finally, BidaskClub lowered Workday from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $109.59.
In other Workday news, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $100.34, for a total value of $7,525,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Duffield sold 482,001 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $103.77, for a total value of $50,017,243.77. The disclosure for this sale can be found here. Insiders sold a total of 1,199,015 shares of company stock valued at $126,965,706 over the last quarter. 37.71% of the stock is owned by insiders.
The company has a market cap of $26,739.30, a P/E ratio of -78.88 and a beta of 2.01. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $541.05 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. analysts expect that Workday Inc will post -1.1 earnings per share for the current year.
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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. 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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