Shares of Workday, Inc. (NYSE:WDAY) have been given a consensus recommendation of “Hold” by the forty-three ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $93.76.
Several equities analysts have issued reports on WDAY shares. Vetr raised Workday from a “hold” rating to a “buy” rating and set a $93.50 price target on the stock in a research note on Monday, May 1st. William Blair boosted their price target on Workday to $40.00 and gave the company an “outperform” rating in a research note on Friday, April 14th. Credit Suisse Group started coverage on Workday in a research note on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price target on the stock. Benchmark Co. started coverage on Workday in a research note on Thursday, April 27th. They issued a “hold” rating on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $115.00 price target on shares of Workday in a research note on Friday, July 7th.
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In related news, Director Michael A. Stankey sold 6,249 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $94.51, for a total transaction of $590,592.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO James Bozzini sold 6,132 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $102.71, for a total value of $629,817.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,284,581 shares of company stock worth $127,908,387 in the last ninety days. Insiders own 37.71% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Workday by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 100,317 shares of the software maker’s stock worth $6,631,000 after buying an additional 4,177 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Workday by 52.7% in the fourth quarter. Guggenheim Capital LLC now owns 17,302 shares of the software maker’s stock worth $1,143,000 after buying an additional 5,969 shares during the period. Teachers Advisors LLC boosted its stake in shares of Workday by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 168,981 shares of the software maker’s stock worth $11,168,000 after buying an additional 7,732 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Workday during the fourth quarter worth about $3,827,000. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Workday by 7.5% in the first quarter. Gulf International Bank UK Ltd now owns 37,290 shares of the software maker’s stock worth $3,105,000 after buying an additional 2,610 shares during the period.
Workday (NYSE:WDAY) traded up 1.26% during mid-day trading on Friday, reaching $99.38. The company had a trading volume of 804,345 shares. Workday has a one year low of $65.79 and a one year high of $106.75. The firm’s 50-day moving average is $100.83 and its 200-day moving average is $91.97. The firm’s market capitalization is $20.57 billion.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The firm had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 38.0% compared to the same quarter last year. On average, equities research analysts anticipate that Workday will post $0.65 earnings per share for the current fiscal year.
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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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