Other analysts have also issued reports about the company. Stephens decreased their price objective on Workday from $100.00 to $85.00 and set an equal weight rating on the stock in a research note on Thursday, August 25th. Drexel Hamilton reiterated a buy rating and set a $92.00 price objective (up from $88.00) on shares of Workday in a research note on Wednesday, June 1st. First Analysis lowered Workday from an overweight rating to an equal weight rating and upped their target price for the stock from $87.00 to $88.00 in a research note on Thursday, August 25th. Needham & Company LLC restated a buy rating on shares of Workday in a research note on Wednesday, June 1st. Finally, Canaccord Genuity upped their target price on Workday from $85.00 to $98.00 and gave the stock a buy rating in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Workday currently has an average rating of Hold and an average price target of $85.56.
Shares of Workday (NYSE:WDAY) opened at 91.69 on Wednesday. Workday has a 52 week low of $47.32 and a 52 week high of $92.46. The firm’s market capitalization is $18.34 billion. The stock’s 50 day moving average price is $86.38 and its 200-day moving average price is $79.17.
Workday (NYSE:WDAY) last released its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share (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 company had revenue of $377.70 million for the quarter, compared to the consensus estimate of $372.68 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. Equities analysts predict that Workday will post ($0.03) earnings per share for the current year.
In other Workday news, insider James Bozzini sold 12,500 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $90.50, for a total transaction of $1,131,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aneel Bhusri sold 10,353 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.06, for a total value of $818,508.18. The disclosure for this sale can be found here. Corporate insiders own 41.78% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. boosted 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 worth $115,000 after buying an additional 877 shares in the last quarter. Mutual of America Capital Management LLC boosted 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 worth $131,000 after buying an additional 1,581 shares in the last quarter. Societe Generale acquired a new stake in Workday during the second quarter worth approximately $159,000. Mn Services Vermogensbeheer B.V. boosted 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 worth $190,000 after buying an additional 78 shares in the last quarter. Finally, World Asset Management Inc acquired a new stake in Workday during the second quarter worth approximately $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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