UBS AG reiterated their overweight rating on shares of Workday, Inc. (NYSE:WDAY) in a research note released on Thursday, August 31st, www.flashratings.com reports. They currently have a $116.00 price objective on the software maker’s stock, up from their previous price objective of $115.00.
A number of other analysts also recently commented on the company. Canaccord Genuity restated a buy rating and issued a $115.00 target price on shares of Workday in a research note on Friday, July 7th. JMP Securities reiterated an overweight rating and set a $90.00 price target on shares of Workday in a research report on Thursday, June 1st. Citigroup Inc. restated a sell rating on shares of Workday in a research report on Tuesday, May 30th. Bank of America Corporation restated a buy rating and issued a $114.00 target price (up previously from $96.00) on shares of Workday in a research report on Friday, June 2nd. Finally, Drexel Hamilton restated a buy rating and issued a $122.00 target price on shares of Workday in a research report on Tuesday, August 29th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $98.79.
Workday (NYSE:WDAY) opened at 105.04 on Thursday. The stock’s market capitalization is $21.85 billion. The company has a 50 day moving average of $104.16 and a 200-day moving average of $95.37. Workday has a one year low of $65.79 and a one year high of $111.45.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s revenue was up 40.6% on a year-over-year basis. Equities research analysts predict that Workday will post $0.82 earnings per share for the current fiscal year.
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In other Workday news, SVP James P. Shaughnessy sold 8,760 shares of Workday stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $103.62, for a total value of $907,711.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $106.68, for a total transaction of $1,066,800.00. The disclosure for this sale can be found here. Insiders have sold 1,310,752 shares of company stock worth $134,888,238 in the last quarter. Company insiders own 37.71% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its stake in shares of Workday by 15.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after buying an additional 201 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Workday during the 2nd quarter valued at $1,273,000. Arcus Capital Partners LLC boosted its stake in shares of Workday by 20.0% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,750 shares of the software maker’s stock valued at $364,000 after buying an additional 625 shares during the period. California State Teachers Retirement System boosted its stake in shares of Workday by 3.7% during the 2nd quarter. California State Teachers Retirement System now owns 240,307 shares of the software maker’s stock valued at $23,310,000 after buying an additional 8,545 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in shares of Workday during the 2nd quarter valued at $3,457,000. 67.74% of the stock is owned by hedge funds and other institutional investors.
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. 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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