WDAY has been the subject of a number of other reports. Goldman Sachs Group Inc. raised their target price on Workday from $78.00 to $87.00 and gave the company a neutral rating in a report on Thursday, August 25th. Needham & Company LLC restated a hold rating on shares of Workday in a report on Tuesday, August 30th. Oppenheimer Holdings Inc. restated a buy rating and set a $80.00 target price on shares of Workday in a report on Wednesday, June 1st. Wunderlich lowered their target price on Workday from $78.00 to $76.00 and set a buy rating for the company in a report on Thursday, August 25th. Finally, Cowen and Company reiterated a market perform rating and issued a $83.00 price objective (up previously from $75.00) on shares of Workday in a research note on Friday, August 26th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $84.11.
Shares of Workday (NYSE:WDAY) opened at 88.69 on Friday. The company has a 50-day moving average price of $84.61 and a 200-day moving average price of $78.22. The stock’s market cap is $17.74 billion. Workday has a 12 month low of $47.32 and a 12 month high of $90.73.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The firm had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. During the same quarter last year, the business earned $0.02 earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. On average, analysts expect that Workday will post ($0.04) EPS for the current fiscal year.
In other Workday news, SVP James P. Shaughnessy sold 11,750 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $74.56, for a total transaction of $876,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Michael A. Stankey sold 112,600 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $88.30, for a total value of $9,942,580.00. The disclosure for this sale can be found here. 41.78% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in WDAY. Mizuho Asset Management Co. Ltd. increased its stake in shares of Workday by 132.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,541 shares of the company’s stock valued at $115,000 after buying an additional 877 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Workday by 930.0% in the second quarter. Mutual of America Capital Management LLC now owns 1,751 shares of the company’s stock worth $131,000 after buying an additional 1,581 shares in the last quarter. Societe Generale purchased a new position in Workday during the second quarter worth approximately $159,000. Mn Services Vermogensbeheer B.V. increased its position in Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock worth $190,000 after buying an additional 78 shares in the last quarter. Finally, World Asset Management Inc purchased a new position in Workday during the second quarter worth approximately $213,000.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.
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