Shares of Workday, Inc. (NASDAQ:WDAY) have received a consensus rating of “Buy” from the forty ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $122.78.
WDAY has been the topic of several analyst reports. Morgan Stanley upgraded Workday from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $108.00 to $145.00 in a report on Wednesday, January 10th. Bank of America upped their target price on Workday from $134.00 to $141.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Macquarie upgraded Workday from an “underperform” rating to a “neutral” rating in a report on Monday, February 26th. Cleveland Research initiated coverage on Workday in a report on Wednesday, January 31st. They set a “buy” rating on the stock. Finally, BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th.
WDAY opened at $130.53 on Thursday. Workday has a 52-week low of $84.91 and a 52-week high of $140.00. The stock has a market cap of $27,713.70, a P/E ratio of -102.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.92 and a current ratio of 1.92.
Workday (NASDAQ:WDAY) last released its 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. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%. The business had revenue of $582.48 million for the quarter, compared to analyst estimates of $573.41 million. equities research analysts predict that Workday will post -1.24 EPS for the current year.
In other news, insider Gomez Luciano Fernandez sold 1,709 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is available at this hyperlink. Also, Director A George Battle sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $138.06, for a total value of $1,380,600.00. The disclosure for this sale can be found here. Insiders sold 675,027 shares of company stock worth $85,852,297 in the last ninety days. 37.71% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Capital One National Association acquired a new stake in Workday during the fourth quarter worth approximately $219,000. KCM Investment Advisors LLC acquired a new stake in Workday during the fourth quarter worth approximately $233,000. Dubuque Bank & Trust Co. grew its position in Workday by 7,406.3% during the fourth quarter. Dubuque Bank & Trust Co. now owns 2,402 shares of the software maker’s stock worth $244,000 after buying an additional 2,370 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Workday during the fourth quarter worth approximately $244,000. Finally, ETRADE Capital Management LLC acquired a new stake in Workday during the fourth quarter worth approximately $257,000. 69.99% of the stock is currently owned by institutional investors.
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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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