Workday Inc. (WDAY) Given “Sell” Rating at Brean Capital
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group Inc. lifted their target price on shares of Workday from $78.00 to $87.00 and gave the stock a neutral rating in a research note on Thursday, August 25th. Needham & Company LLC reaffirmed a hold rating on shares of Workday in a research note on Tuesday, August 30th. Oppenheimer Holdings Inc. reaffirmed a buy rating and set a $80.00 target price on shares of Workday in a research note on Wednesday, June 1st. Wunderlich reduced their target price on shares of Workday from $78.00 to $76.00 and set a buy rating on the stock in a research note on Thursday, August 25th. Finally, Cowen and Company reaffirmed a market perform rating and set a $83.00 target price (up from $75.00) on shares of Workday in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $85.33.
Workday (NYSE:WDAY) traded down 0.127% during trading on Wednesday, hitting $90.765. 266,292 shares of the stock were exchanged. The stock’s 50 day moving average price is $85.92 and its 200 day moving average price is $78.95. The stock’s market cap is $18.15 billion. Workday has a 12 month low of $47.32 and a 12 month high of $91.00.
Workday (NYSE:WDAY) last posted its quarterly 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 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 business’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Analysts forecast that Workday will post ($0.04) EPS for the current fiscal year.
In other Workday news, SVP James P. Shaughnessy sold 11,750 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $74.56, for a total transaction of $876,080.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 10,353 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.06, for a total value of $818,508.18. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. boosted 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 boosted 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. boosted 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.
Receive News & Stock Ratings for Workday Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc. and related stocks with our FREE daily email newsletter.