Workday (NASDAQ:WDAY) had its price objective increased by Monness Crespi & Hardt from $158.00 to $175.00 in a research note published on Wednesday morning, MarketBeat.com reports. Monness Crespi & Hardt currently has a buy rating on the software maker’s stock.
Several other brokerages have also recently issued reports on WDAY. BidaskClub cut Workday from a buy rating to a hold rating in a research note on Saturday, July 21st. Royal Bank of Canada raised their price target on Workday to $159.00 and gave the company an outperform rating in a research note on Thursday, August 23rd. Wedbush restated a neutral rating and issued a $124.00 price target (down from $152.00) on shares of Workday in a research note on Wednesday. OTR Global cut Workday to a positive rating in a research note on Wednesday, May 23rd. Finally, BMO Capital Markets raised their price target 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 analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $145.31.
Shares of NASDAQ WDAY opened at $144.93 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 1.89. Workday has a 12-month low of $95.35 and a 12-month high of $157.12.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $671.70 million for the quarter, compared to analysts’ expectations of $663.38 million. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. equities research analysts predict that Workday will post -0.81 earnings per share for the current year.
In other news, SVP James P. Shaughnessy sold 2,178 shares of Workday stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $134.53, for a total transaction of $293,006.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 3,600 shares of Workday stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $133.31, for a total value of $479,916.00. The disclosure for this sale can be found here. Insiders have sold 446,338 shares of company stock worth $57,004,552 in the last quarter. Insiders own 33.59% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Workday by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 3,090,009 shares of the software maker’s stock worth $392,772,000 after purchasing an additional 39,749 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Workday by 19.7% during the first quarter. Franklin Resources Inc. now owns 1,342,790 shares of the software maker’s stock worth $170,682,000 after purchasing an additional 220,640 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Workday by 22.3% during the first quarter. Federated Investors Inc. PA now owns 1,296,567 shares of the software maker’s stock worth $164,807,000 after purchasing an additional 236,811 shares in the last quarter. First Trust Advisors LP increased its position in shares of Workday by 43.3% during the second quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock worth $119,898,000 after purchasing an additional 299,251 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Workday by 5.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 676,374 shares of the software maker’s stock worth $81,922,000 after buying an additional 32,119 shares during the last quarter. 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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