Workday (NASDAQ:WDAY)‘s stock had its “market perform” rating reissued by equities researchers at Sanford C. Bernstein in a report released on Wednesday, The Fly reports. They currently have a $134.00 price objective on the software maker’s stock, up from their previous price objective of $114.00. Sanford C. Bernstein’s target price would suggest a potential upside of 4.52% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Guggenheim reiterated a “hold” rating and set a $106.00 target price on shares of Workday in a research report on Thursday, January 11th. KeyCorp reiterated a “buy” rating and set a $140.00 target price (up from $131.00) on shares of Workday in a research report on Wednesday. Canaccord Genuity reiterated a “buy” rating and set a $145.00 target price (up from $125.00) on shares of Workday in a research report on Wednesday. JMP Securities increased their target price on Workday from $117.00 to $141.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their target price on Workday from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nineteen have given a buy rating to the company. Workday currently has a consensus rating of “Hold” and a consensus target price of $115.35.
Shares of Workday (NASDAQ WDAY) opened at $128.21 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $26,838.00, a price-to-earnings ratio of -78.18 and a beta of 2.01. Workday has a 52 week low of $80.61 and a 52 week high of $131.18.
In other news, insider Gomez Luciano Fernandez sold 1,709 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $124.23, for a total value of $212,309.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robynne Sisco sold 5,061 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $110.53, for a total value of $559,392.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,199,015 shares of company stock valued at $126,965,706. Insiders own 37.71% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Workday by 5.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,235 shares of the software maker’s stock valued at $838,000 after buying an additional 438 shares in the last quarter. KCM Investment Advisors LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $233,000. Xact Kapitalforvaltning AB grew its stake in shares of Workday by 67.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 18,330 shares of the software maker’s stock valued at $1,865,000 after buying an additional 7,397 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Workday by 71.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,618 shares of the software maker’s stock valued at $2,911,000 after buying an additional 11,928 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Workday by 4.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 74,669 shares of the software maker’s stock valued at $7,597,000 after buying an additional 3,401 shares in the last quarter. Institutional investors and hedge funds own 68.19% of the company’s stock.
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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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