Workday Inc. (NYSE:WDAY) has been given a $107.00 price objective by research analysts at DA Davidson in a note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 18.42% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $78.00 price target on shares of Workday in a report on Saturday, August 13th. Wedbush raised shares of Workday from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $82.00 in a report on Wednesday. Stephens began coverage on shares of Workday in a report on Thursday, August 4th. They set an “equal weight” rating on the stock. Finally, Citigroup Inc. downgraded shares of Workday from a “buy” rating to a “neutral” rating and set a $87.00 price target on the stock. in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.56.
Shares of 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 firm’s 50-day moving average is $86.15 and its 200 day moving average is $79.04.
Workday (NYSE:WDAY) last released its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. The business earned $377.70 million during the quarter, compared to analyst estimates of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. Equities analysts expect that Workday will post ($0.03) EPS for the current year.
In other news, CFO Robynne Sisco sold 897 shares of Workday stock in a transaction on Friday, July 15th. The shares were sold at an average price of $79.01, for a total value of $70,871.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Michael A. Stankey sold 56,200 shares of Workday stock in a transaction on Monday, September 26th. The shares were sold at an average price of $88.20, for a total transaction of $4,956,840.00. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Tybourne Capital Management HK Ltd. boosted its position in shares of Workday by 139.6% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,955,095 shares of the company’s stock valued at $227,069,000 after buying an additional 1,721,958 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock valued at $617,509,000 after buying an additional 577,294 shares in the last quarter. Norges Bank purchased a new position in shares of Workday during the fourth quarter valued at about $45,517,000. Emerald Acquisition Ltd. purchased a new position in shares of Workday during the second quarter valued at about $39,136,000. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Workday during the first quarter valued at about $38,420,000.
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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