Workday Inc (NASDAQ:WDAY) has earned a consensus recommendation of “Hold” from the forty-one research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $104.31.
Several equities analysts have commented on the company. KeyCorp raised Workday from a “sector weight” rating to an “overweight” rating and set a $131.00 price target for the company in a report on Thursday, January 4th. BidaskClub cut Workday from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Jefferies Group reaffirmed a “hold” rating and issued a $101.00 price target on shares of Workday in a report on Friday, December 1st. TheStreet raised Workday from a “d+” rating to a “c” rating in a report on Wednesday, November 29th. Finally, UBS Group set a $95.00 target price on Workday and gave the stock a “sell” rating in a report on Thursday, November 30th.
Workday (NASDAQ:WDAY) traded down $0.24 during trading on Tuesday, reaching $109.70. The company’s stock had a trading volume of 1,228,173 shares, compared to its average volume of 1,716,967. 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 firm has a market cap of $22,820.00, a PE ratio of -76.18 and a beta of 1.83. Workday has a 12-month low of $73.31 and a 12-month high of $116.89.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. sell-side analysts expect that Workday will post -1.1 earnings per share for the current year.
In other Workday news, SVP James P. Shaughnessy sold 8,781 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $108.44, for a total value of $952,211.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robynne Sisco sold 5,267 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $107.36, for a total value of $565,465.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,192,574 shares of company stock worth $125,754,297. 37.71% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Workday by 46.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 84,863 shares of the software maker’s stock valued at $8,944,000 after buying an additional 26,967 shares during the last quarter. IFM Investors Pty Ltd bought a new position in Workday in the 3rd quarter valued at $363,000. California Public Employees Retirement System boosted its position in Workday by 1.7% in the 3rd quarter. California Public Employees Retirement System now owns 221,300 shares of the software maker’s stock valued at $23,323,000 after buying an additional 3,800 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Workday by 418.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock valued at $12,946,000 after buying an additional 99,144 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Workday in the 3rd quarter valued at $2,276,000. Hedge funds and other institutional investors own 66.90% 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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