A number of other equities research analysts have also commented on the company. Needham & Company LLC reaffirmed a hold rating on shares of Workday in a research report on Tuesday, August 30th. DA Davidson reaffirmed a buy rating and set a $99.00 price target (up previously from $97.00) on shares of Workday in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a $78.00 price target on shares of Workday in a research report on Saturday, August 13th. Wedbush raised Workday from an underperform rating to a neutral rating and raised their price target for the stock from $69.00 to $82.00 in a research report on Wednesday. Finally, Stephens started coverage on Workday in a research report on Thursday, August 4th. They set an equal weight rating on the stock. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the stock. Workday presently has a consensus rating of Hold and a consensus target price of $85.33.
Workday (NYSE:WDAY) traded down 0.12% during midday trading on Wednesday, hitting $90.77. The stock had a trading volume of 266,592 shares. The firm’s market capitalization is $18.15 billion. Workday has a 1-year low of $47.32 and a 1-year high of $91.00. The firm has a 50-day moving average price of $85.92 and a 200-day moving average price of $78.95.
Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 26.89% and a negative net margin of 25.71%. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. On average, equities research analysts anticipate that Workday will post ($0.04) earnings per share for the current year.
In other news, Chairman David A. Duffield sold 400,000 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $83.32, for a total transaction of $33,328,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Michael A. Stankey sold 56,200 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $88.20, for a total value of $4,956,840.00. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WDAY. 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 worth $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 worth $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 worth $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 worth $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 worth $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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