Workday Inc (WDAY) Given Average Recommendation of “Buy” by Brokerages

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Workday Inc (NASDAQ:WDAY) has received an average recommendation of “Buy” from the thirty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $187.86.

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target (up from $170.00) on shares of Workday in a report on Friday, March 1st. Jefferies Financial Group upped their price target on Workday to $189.00 and gave the stock a “hold” rating in a report on Friday, March 1st. They noted that the move was a valuation call. Robert W. Baird upped their price target on Workday from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. KeyCorp upped their price target on Workday from $216.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Oppenheimer upped their target price on Workday from $185.00 to $216.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th.

In related news, insider Petros Dermetzis sold 6,727 shares of the firm’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $156.75, for a total value of $1,054,457.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James P. Shaughnessy sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $155.69, for a total value of $1,556,900.00. The disclosure for this sale can be found here. Insiders have sold 963,820 shares of company stock worth $167,287,222 in the last 90 days. Company insiders own 33.59% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC bought a new position in Workday in the fourth quarter valued at about $26,000. Captrust Financial Advisors boosted its holdings in Workday by 60.0% in the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Workday by 100.0% in the fourth quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. First Personal Financial Services boosted its holdings in Workday by 61.3% in the fourth quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in Workday in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 69.19% of the company’s stock.

Shares of WDAY stock opened at $187.04 on Friday. Workday has a 12 month low of $117.24 and a 12 month high of $200.00. The company has a market cap of $40.96 billion, a PE ratio of -153.31 and a beta of 1.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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