Workday Inc. (WDAY) Price Target Increased to $79.00 by Analysts at Jefferies Group
WDAY has been the subject of a number of other research reports. Goldman Sachs Group Inc. lifted their price objective on shares of Workday from $78.00 to $87.00 and gave the company a neutral rating in a report on Thursday, August 25th. Needham & Company LLC reaffirmed a hold rating on shares of Workday in a report on Tuesday, August 30th. Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $80.00 price objective on shares of Workday in a report on Wednesday, June 1st. Wunderlich cut their price objective on shares of 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 target price (up previously from $75.00) on shares of Workday in a research report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Workday presently has a consensus rating of Hold and a consensus target price of $85.33.
Workday (NYSE:WDAY) traded down 0.12% during mid-day trading on Wednesday, reaching $90.77. 266,592 shares of the company were exchanged. Workday has a 1-year low of $47.32 and a 1-year high of $91.00. The company’s market capitalization is $18.15 billion. The company has a 50 day moving average of $85.92 and a 200-day moving average of $78.95.
Workday (NYSE:WDAY) last released its quarterly earnings data 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. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The firm earned $377.70 million during the quarter, compared to analysts’ expectations of $372.68 million. During the same period in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. On average, equities research analysts forecast that Workday will post ($0.04) EPS for the current year.
In other Workday news, Vice Chairman Michael A. Stankey sold 8,781 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $79.06, for a total transaction of $694,225.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 10,353 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $79.06, for a total transaction of $818,508.18. The disclosure for this sale can be found here. Corporate insiders own 41.78% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. increased its position in shares of Workday by 132.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,541 shares of the company’s stock worth $115,000 after buying an additional 877 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Workday by 930.0% in the second quarter. Mutual of America Capital Management LLC now owns 1,751 shares of the company’s stock worth $131,000 after buying an additional 1,581 shares during the last quarter. Societe Generale purchased a new position in shares of Workday during the second quarter worth approximately $159,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock worth $190,000 after buying an additional 78 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Workday during the second quarter worth approximately $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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