Workday (NASDAQ:WDAY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a note issued to investors on Monday, AnalystRatings.com reports. They currently have a $250.00 price objective on the software maker’s stock. Needham & Company LLC’s target price suggests a potential upside of 50.40% from the company’s previous close.
Other research analysts have also issued research reports about the company. ValuEngine upgraded Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. JMP Securities set a $225.00 price target on shares of Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Wedbush reduced their price objective on shares of Workday from $195.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Societe Generale raised shares of Workday from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Goldman Sachs Group raised shares of Workday from a “neutral” rating to a “buy” rating and set a $223.00 price objective on the stock in a report on Friday, October 11th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have assigned a buy rating to the stock. Workday has an average rating of “Hold” and a consensus target price of $208.06.
NASDAQ:WDAY opened at $166.22 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.54. Workday has a 52 week low of $141.70 and a 52 week high of $226.83. The stock’s 50-day moving average price is $165.34 and its 200-day moving average price is $187.90. The stock has a market capitalization of $37.90 billion, a PE ratio of -136.25 and a beta of 1.54.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, December 3rd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $938.10 million for the quarter, compared to the consensus estimate of $920.65 million. Workday had a negative return on equity of 11.63% and a negative net margin of 13.29%. Workday’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Sell-side analysts expect that Workday will post -1.17 earnings per share for the current fiscal year.
In other news, Director David A. Duffield sold 271 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $184.71, for a total transaction of $50,056.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Duffield sold 300,785 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $166.27, for a total transaction of $50,011,521.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,292 shares of company stock worth $86,126,565. Insiders own 29.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Banco de Sabadell S.A purchased a new position in shares of Workday during the second quarter worth $31,000. San Francisco Sentry Investment Group CA grew its stake in shares of Workday by 445.7% in the third quarter. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock worth $33,000 after acquiring an additional 156 shares in the last quarter. North Star Investment Management Corp. purchased a new position in Workday in the third quarter valued at $34,000. Shine Investment Advisory Services Inc. boosted its holdings in Workday by 121.7% in the third quarter. Shine Investment Advisory Services Inc. now owns 204 shares of the software maker’s stock valued at $35,000 after purchasing an additional 112 shares during the period. Finally, Synovus Financial Corp grew its stake in Workday by 88.5% during the 3rd quarter. Synovus Financial Corp now owns 213 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.09% of the company’s stock.
Workday Company Profile
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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