News coverage about Workday (NASDAQ:WDAY) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Workday earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.8162498191711 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
A number of equities research analysts recently weighed in on WDAY shares. Morgan Stanley raised shares of Workday from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $108.00 to $145.00 in a research report on Wednesday, January 10th. Barclays boosted their price target on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Bank of America boosted their price target on shares of Workday from $134.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Cleveland Research started coverage on shares of Workday in a research report on Wednesday, January 31st. They issued a “buy” rating for the company. Finally, BidaskClub raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $119.22.
Shares of Workday (WDAY) traded down $1.09 during trading hours on Friday, hitting $135.33. 1,704,381 shares of the stock were exchanged, compared to its average volume of 1,763,487. The stock has a market capitalization of $28,630.00, a PE ratio of -85.11 and a beta of 1.86. Workday has a 1-year low of $80.61 and a 1-year high of $140.00. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $582.48 million during the quarter, compared to analysts’ expectations of $573.41 million. Workday had a negative net margin of 14.99% and a negative return on equity of 16.80%. equities research analysts forecast that Workday will post -1.23 earnings per share for the current fiscal year.
In related news, COO James Bozzini sold 5,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $102.08, for a total transaction of $510,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A George Battle sold 10,000 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $138.06, for a total transaction of $1,380,600.00. The disclosure for this sale can be found here. Insiders have sold 743,925 shares of company stock valued at $83,490,996 over the last three months. 37.71% of the stock is currently owned by corporate insiders.
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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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