Workday Inc. (NYSE:WDAY)‘s stock had its “neutral” rating reissued by analysts at Nomura in a note issued to investors on Wednesday. They presently have a $90.00 price target on the stock. Nomura’s price objective points to a potential downside of 0.40% from the company’s previous close.
A number of other brokerages have also recently weighed in on WDAY. Needham & Company LLC reaffirmed a “hold” rating on shares of Workday in a research report on Wednesday. First Analysis cut shares of Workday from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $87.00 to $88.00 in a research report on Thursday, August 25th. Morgan Stanley lifted their price target on shares of Workday from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 25th. Citigroup Inc. lifted their price target on shares of Workday from $87.00 to $88.00 and gave the company a “neutral” rating in a research report on Thursday, August 25th. Finally, BTIG Research reaffirmed a “buy” rating and set a $97.00 price target on shares of Workday in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have assigned a buy rating to the company. Workday presently has a consensus rating of “Hold” and a consensus target price of $85.56.
Workday (NYSE:WDAY) opened at 90.36 on Wednesday. The stock’s market capitalization is $18.07 billion. Workday has a 52-week low of $47.32 and a 52-week high of $91.39. The company has a 50 day moving average of $86.15 and a 200-day moving average of $79.04.
Workday (NYSE:WDAY) last announced its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The business had revenue of $377.70 million for the quarter, compared to analyst estimates of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Equities research analysts anticipate that Workday will post ($0.03) EPS for the current year.
In related news, Chairman David A. Duffield sold 400,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $83.32, for a total value of $33,328,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aneel Bhusri sold 10,353 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.06, for a total transaction of $818,508.18. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. increased its stake in 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 stake 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 valued at $131,000 after buying an additional 1,581 shares during the last quarter. Societe Generale bought a new stake in Workday during the second quarter valued at $159,000. Mn Services Vermogensbeheer B.V. increased its stake in Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock valued at $190,000 after buying an additional 78 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in Workday during the second quarter valued at $213,000.
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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