Workday (NASDAQ:WDAY) had its price target increased by equities research analysts at Wells Fargo & Co from $130.00 to $150.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “market perform” rating on the software maker’s stock. Wells Fargo & Co’s target price points to a potential upside of 3.79% from the company’s current price.
Several other brokerages also recently weighed in on WDAY. BidaskClub downgraded Workday from a “buy” rating to a “hold” rating in a research note on Saturday, July 21st. Royal Bank of Canada lifted their target price on Workday to $159.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Wedbush reiterated a “neutral” rating and issued a $124.00 target price (down from $152.00) on shares of Workday in a research note on Wednesday. OTR Global downgraded Workday to a “positive” rating in a research note on Wednesday, May 23rd. Finally, BMO Capital Markets lifted their target price on Workday from $137.00 to $165.00 and gave the company a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $145.31.
Shares of WDAY stock opened at $144.52 on Wednesday. Workday has a twelve month low of $95.35 and a twelve month high of $157.12. 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 (NASDAQ:WDAY) last announced its earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. Workday had a negative return on equity of 13.74% and a negative net margin of 13.81%. The company had revenue of $671.70 million for the quarter, compared to the consensus estimate of $663.38 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 27.9% on a year-over-year basis. equities analysts predict that Workday will post -0.78 earnings per share for the current year.
In related news, insider Petros Dermetzis sold 9,510 shares of Workday stock in a transaction on Friday, June 15th. The stock was sold at an average price of $128.09, for a total transaction of $1,218,135.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aneel Bhusri sold 7,380 shares of Workday stock in a transaction on Monday, July 16th. The stock was sold at an average price of $133.38, for a total value of $984,344.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 446,338 shares of company stock valued at $57,004,552. 33.59% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of WDAY. IFM Investors Pty Ltd increased its position in Workday by 8.6% during the first quarter. IFM Investors Pty Ltd now owns 4,578 shares of the software maker’s stock worth $582,000 after buying an additional 364 shares in the last quarter. Motley Fool Asset Management LLC increased its position in Workday by 18.7% during the second quarter. Motley Fool Asset Management LLC now owns 2,328 shares of the software maker’s stock worth $282,000 after buying an additional 366 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Workday by 4.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,603 shares of the software maker’s stock worth $1,094,000 after buying an additional 368 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Workday by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 72,114 shares of the software maker’s stock worth $8,736,000 after buying an additional 426 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Workday by 16.0% during the first quarter. Fiera Capital Corp now owns 3,317 shares of the software maker’s stock worth $422,000 after buying an additional 458 shares in the last quarter. 67.96% of the stock is owned by hedge funds and other institutional investors.
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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