Workday (NASDAQ:WDAY) had its target price lifted by research analysts at Oppenheimer from $122.00 to $136.00 in a research note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price suggests a potential upside of 7.94% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $130.00 price target (up previously from $92.50) on shares of Workday in a research report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $134.00 price objective (up previously from $114.00) on shares of Workday in a research note on Wednesday. JMP Securities boosted their price objective on shares of Workday from $117.00 to $141.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Canaccord Genuity reiterated a “buy” rating and set a $145.00 price objective (up previously from $125.00) on shares of Workday in a research note on Wednesday. Finally, Wedbush reiterated a “neutral” rating and set a $119.00 price objective (up previously from $106.00) on shares of Workday in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $118.04.
Shares of Workday (NASDAQ:WDAY) traded down $2.21 on Wednesday, hitting $126.00. 733,802 shares of the stock traded hands, compared to its average volume of 1,623,783. Workday has a 52-week low of $80.61 and a 52-week high of $131.18. The stock has a market cap of $26,838.00, a PE ratio of -76.83 and a beta of 2.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11.
In other news, Director David A. Duffield sold 458,496 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $109.09, for a total value of $50,017,328.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Duffield sold 482,001 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $103.77, for a total transaction of $50,017,243.77. The disclosure for this sale can be found here. Insiders sold 1,199,015 shares of company stock worth $126,965,706 in the last quarter. Company insiders own 37.71% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 272.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,050,260 shares of the software maker’s stock worth $310,333,000 after acquiring an additional 2,231,255 shares during the period. Two Sigma Advisers LP increased its stake in shares of Workday by 6.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,129,457 shares of the software maker’s stock worth $114,911,000 after acquiring an additional 69,700 shares during the period. Franklin Resources Inc. increased its stake in shares of Workday by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock worth $114,168,000 after acquiring an additional 124,330 shares during the period. Janus Henderson Group PLC increased its stake in shares of Workday by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,042,200 shares of the software maker’s stock worth $109,838,000 after acquiring an additional 4,047 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Workday by 1.1% in the fourth quarter. Champlain Investment Partners LLC now owns 885,260 shares of the software maker’s stock worth $90,066,000 after acquiring an additional 9,345 shares during the period. Hedge funds and other institutional investors 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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