Workday Inc. (WDAY) Earns Neutral Rating from Citigroup Inc.
Workday Inc. (NYSE:WDAY)‘s stock had its “neutral” rating restated by research analysts at Citigroup Inc. in a research note issued to investors on Wednesday. They currently have a $88.00 target price on the stock. Citigroup Inc.’s price objective indicates a potential downside of 1.99% from the company’s previous close.
WDAY has been the subject of a number of other research reports. Goldman Sachs Group Inc. upped their price objective on Workday from $78.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. Needham & Company LLC reiterated a “hold” rating on shares of Workday in a report on Tuesday, August 30th. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $80.00 price objective on shares of Workday in a report on Wednesday, June 1st. Wunderlich dropped their price objective on Workday from $78.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, August 25th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $83.00 price objective (up previously from $75.00) on shares of Workday in a report on Friday, August 26th. 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 company. The stock currently has an average rating of “Hold” and an average price target of $85.33.
Workday (NYSE:WDAY) opened at 89.79 on Wednesday. The firm’s market cap is $17.96 billion. Workday has a 52-week low of $47.32 and a 52-week high of $90.88. The company has a 50 day moving average price of $85.70 and a 200-day moving average price of $78.87.
Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The firm had revenue of $377.70 million for the quarter, compared to the consensus estimate 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 was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. Equities research analysts anticipate that Workday will post ($0.04) EPS for the current year.
In other news, CFO Robynne Sisco sold 897 shares of Workday stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.01, for a total value of $70,871.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David A. Duffield sold 400,000 shares of Workday stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $83.32, for a total value of $33,328,000.00. The disclosure for this sale can be found here. Corporate insiders own 41.78% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. Mizuho Asset Management Co. Ltd. raised its position in 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 during the period. Mutual of America Capital Management LLC raised its position 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 valued at $131,000 after buying an additional 1,581 shares during the period. Societe Generale acquired a new position in Workday during the second quarter valued at $159,000. Mn Services Vermogensbeheer B.V. raised its position in 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 during the period. Finally, World Asset Management Inc acquired a new position in Workday during the second quarter valued at $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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