Other equities analysts also recently issued research reports about the stock. Citigroup Inc. reissued a neutral rating and set a $88.00 price objective on shares of Workday in a research note on Wednesday. Robert W. Baird reissued an outperform rating and set a $95.00 price objective on shares of Workday in a research note on Wednesday. Jefferies Group upped their price objective on shares of Workday from $72.00 to $79.00 and gave the company a hold rating in a research note on Wednesday. Wedbush raised shares of Workday from an underperform rating to a neutral rating and upped their price objective for the company from $69.00 to $82.00 in a research note on Wednesday. Finally, Brean Capital reaffirmed a sell rating and set a $62.00 price target on shares of Workday in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Workday currently has a consensus rating of Hold and an average price target of $85.33.
Shares of Workday (NYSE:WDAY) traded down 0.3525% during trading on Wednesday, reaching $90.5596. 184,541 shares of the company’s stock traded hands. The company’s market capitalization is $18.11 billion. The stock has a 50-day moving average of $85.92 and a 200-day moving average of $78.95. Workday has a 1-year low of $47.32 and a 1-year high of $91.00.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. On average, equities analysts predict that Workday will post ($0.04) EPS for the current fiscal year.
In other news, Chairman David A. Duffield sold 3,124 shares of Workday stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $83.63, for a total value of $261,260.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aneel Bhusri sold 10,353 shares of Workday stock in a transaction that occurred on 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 insiders.
Institutional investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. boosted its position 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 in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of 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 in the last quarter. Societe Generale acquired a new position in shares of Workday during the second quarter valued at about $159,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of 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 in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Workday during the second quarter valued at about $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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