Workday Inc. (WDAY) Earns “Neutral” Rating from Nomura
Workday Inc. (NYSE:WDAY)‘s stock had its “neutral” rating reiterated by Nomura in a report issued on Wednesday. They presently have a $90.00 price objective on the stock. Nomura’s price objective would indicate a potential upside of 0.23% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Wedbush raised Workday from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $69.00 to $82.00 in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $97.00 target price on shares of Workday in a research note on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $95.00 target price on shares of Workday in a research note on Wednesday. Jefferies Group lifted their target price on Workday from $72.00 to $79.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Brean Capital reaffirmed a “sell” rating and set a $62.00 target price on shares of Workday in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have assigned a buy rating to the company. Workday presently has a consensus rating of “Hold” and a consensus price target of $85.33.
Workday (NYSE:WDAY) traded up 0.28% during midday trading on Wednesday, hitting $90.04. 422,694 shares of the company traded hands. The stock has a 50 day moving average price of $85.70 and a 200-day moving average price of $78.87. The company’s market cap is $18.01 billion. Workday has a 12-month low of $47.32 and a 12-month high of $90.88.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The company 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%. Workday’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Analysts expect that Workday will post ($0.04) EPS for the current year.
In related news, CFO Robynne Sisco sold 897 shares of Workday stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $79.01, for a total value of $70,871.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark S. Peek sold 1,562 shares of Workday stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $87.32, for a total value of $136,393.84. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Tybourne Capital Management HK Ltd. raised its stake in shares of Workday by 139.6% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,955,095 shares of the company’s stock worth $227,069,000 after buying an additional 1,721,958 shares in the last quarter. State Street Corp raised its stake in shares of Workday by 4.1% in the first quarter. State Street Corp now owns 1,854,350 shares of the company’s stock worth $142,497,000 after buying an additional 73,344 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Workday during the first quarter worth about $38,420,000. Legal & General Group Plc raised its stake in shares of Workday by 14.1% in the first quarter. Legal & General Group Plc now owns 430,683 shares of the company’s stock worth $33,094,000 after buying an additional 53,120 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Workday by 5.0% in the first quarter. Geode Capital Management LLC now owns 647,820 shares of the company’s stock worth $49,747,000 after buying an additional 30,992 shares in the last quarter.
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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