Workday (NASDAQ:WDAY – Get Rating) had its price objective lowered by Robert W. Baird from $235.00 to $223.00 in a research report report published on Wednesday morning, The Fly reports. The brokerage currently has an outperform rating on the software maker's stock.
Several other equities research analysts have also recently commented on the company. BMO Capital Markets cut their price target on Workday from $217.00 to $195.00 and set an outperform rating for the company in a report on Monday, November 21st. Morgan Stanley cut their price target on Workday from $282.00 to $220.00 and set an overweight rating for the company in a report on Tuesday, November 22nd. Needham & Company LLC increased their price target on Workday from $200.00 to $220.00 and gave the company a buy rating in a report on Friday, August 26th. StockNews.com initiated coverage on Workday in a report on Wednesday, October 12th. They issued a hold rating for the company. Finally, Societe Generale cut their price target on Workday to $212.00 in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $215.86.
Get Workday alerts:Workday Trading Up 17.2 %
Shares of Workday stock opened at $167.90 on Wednesday. The business has a 50 day simple moving average of $148.33 and a two-hundred day simple moving average of $153.26. Workday has a 12 month low of $128.72 and a 12 month high of $285.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61.
Workday (NASDAQ:WDAY – Get Rating) last posted its quarterly earnings results on Tuesday, November 29th. The software maker reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Workday had a negative return on equity of 2.18% and a negative net margin of 5.29%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business's revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities research analysts anticipate that Workday will post -0.61 EPS for the current year.Insider Activity at Workday
In related news, CEO Gomez Luciano Fernandez sold 2,046 shares of Workday stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $158.32, for a total value of $323,922.72. Following the completion of the transaction, the chief executive officer now directly owns 257,656 shares in the company, valued at $40,792,097.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Gomez Luciano Fernandez sold 2,046 shares of Workday stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $158.32, for a total value of $323,922.72. Following the completion of the transaction, the chief executive officer now directly owns 257,656 shares in the company, valued at $40,792,097.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas A. Robinson sold 2,128 shares of Workday stock in a transaction on Saturday, October 15th. The shares were sold at an average price of $147.14, for a total value of $313,113.92. Following the completion of the transaction, the insider now owns 132,545 shares of the company's stock, valued at $19,502,671.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,974 shares of company stock worth $18,758,209. Company insiders own 21.74% of the company's stock.
Institutional Trading of Workday
Institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC acquired a new stake in shares of Workday during the first quarter worth about $31,000. AllSquare Wealth Management LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $25,000. Guardian Wealth Advisors LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $29,000. Whittier Trust Co. lifted its stake in Workday by 69.0% in the 3rd quarter. Whittier Trust Co. now owns 213 shares of the software maker's stock valued at $32,000 after buying an additional 87 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Workday by 72.6% in the 2nd quarter. Lindbrook Capital LLC now owns 252 shares of the software maker's stock valued at $35,000 after buying an additional 106 shares in the last quarter. 68.16% of the stock is owned by hedge funds and other institutional investors.
About Workday
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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
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