Workday (NASDAQ:WDAY)‘s stock had its “overweight” rating reissued by research analysts at UBS Group in a research note issued to investors on Wednesday, The Fly reports. They presently have a $135.00 target price on the software maker’s stock. UBS Group’s price target would suggest a potential upside of 5.30% from the stock’s current price.
WDAY has been the subject of a number of other reports. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a report on Wednesday, November 29th. Barclays increased their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Royal Bank of Canada increased their price objective on shares of Workday to $135.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Cowen reaffirmed a “market perform” rating and set a $117.00 price objective (up from $107.00) on shares of Workday in a report on Thursday, February 22nd. Finally, Macquarie raised shares of Workday from an “underperform” rating to a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $111.56.
Shares of Workday (NASDAQ WDAY) opened at $128.21 on Wednesday. The stock has a market cap of $26,838.00, a P/E ratio of -78.18 and a beta of 2.01. Workday has a fifty-two week low of $80.61 and a fifty-two week high of $131.18. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
In related news, insider Gomez Luciano Fernandez sold 1,709 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $124.23, for a total value of $212,309.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,199,015 shares of company stock valued at $126,965,706. 37.71% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Managed Accounts LLC lifted its position in Workday by 607.7% in the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock worth $145,000 after buying an additional 1,185 shares during the last quarter. IBM Retirement Fund bought a new stake in Workday in the third quarter worth $204,000. BlueSky Wealth Advisors LLC bought a new stake in Workday in the third quarter worth $206,000. Advisor Group Inc. lifted its position in Workday by 53.2% in the third quarter. Advisor Group Inc. now owns 1,965 shares of the software maker’s stock worth $208,000 after buying an additional 682 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Workday in the third quarter worth $208,000. Institutional investors own 68.19% of the company’s stock.
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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