Wedbush reaffirmed their neutral rating on shares of Workday (NASDAQ:WDAY) in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has a $124.00 price objective on the software maker’s stock, down from their previous price objective of $152.00.
Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of Workday from a strong-buy rating to a buy rating in a report on Thursday, May 24th. Monness Crespi & Hardt upped their target price on shares of Workday from $156.00 to $158.00 and gave the stock a buy rating in a report on Friday, June 1st. ValuEngine raised shares of Workday from a hold rating to a buy rating in a report on Monday, July 2nd. Guggenheim initiated coverage on shares of Workday in a report on Monday, August 20th. They issued a buy rating and a $175.00 target price on the stock. Finally, Needham & Company LLC increased their price objective on shares of Workday from $150.00 to $170.00 and gave the stock a buy rating in a report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Workday currently has an average rating of Buy and a consensus target price of $145.31.
WDAY opened at $142.21 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.77 and a current ratio of 1.77. Workday has a twelve month low of $95.35 and a twelve month high of $157.12. The stock has a market capitalization of $33.38 billion, a PE ratio of -111.98 and a beta of 2.02.
Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Workday had a negative net margin of 14.53% and a negative return on equity of 14.60%. The business had revenue of $671.70 million for the quarter, compared to analyst estimates of $663.38 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. analysts expect that Workday will post -0.78 earnings per share for the current year.
In related news, SVP James P. Shaughnessy sold 2,178 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $134.53, for a total value of $293,006.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gomez Luciano Fernandez sold 3,483 shares of the stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $132.97, for a total transaction of $463,134.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 446,338 shares of company stock worth $57,004,552. Corporate insiders own 33.59% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Twin Tree Management LP raised its holdings in Workday by 112.5% during the 1st quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock worth $122,000 after buying an additional 8,609 shares during the period. Northstar Capital Management LLC bought a new position in shares of Workday during the 1st quarter worth approximately $133,000. Nisa Investment Advisors LLC grew its stake in shares of Workday by 55.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock worth $170,000 after acquiring an additional 500 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Workday during the 2nd quarter worth approximately $183,000. Finally, Mirador Capital Partners LP bought a new position in shares of Workday during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 67.96% of the company’s stock.
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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