Workday Inc. (WDAY) Receives Hold Rating from BMO Capital Markets
WDAY has been the topic of several other reports. Cowen and Company reiterated a market perform rating and set a $83.00 target price (up from $75.00) on shares of Workday in a research report on Friday, August 26th. Vetr downgraded Workday from a buy rating to a hold rating and set a $87.71 target price on the stock. in a research report on Thursday, August 25th. Needham & Company LLC downgraded Workday from a buy rating to a hold rating in a research report on Monday, August 22nd. Barclays PLC lifted their target price on Workday from $71.00 to $77.00 and gave the company an equal weight rating in a research report on Thursday, August 25th. Finally, Brean Capital lifted their target price on Workday from $55.00 to $62.00 and gave the company a sell rating in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $85.33.
Shares of Workday (NYSE:WDAY) traded down 0.3525% during trading on Wednesday, hitting $90.5596. The stock had a trading volume of 184,541 shares. Workday has a 12 month low of $47.32 and a 12 month high of $91.00. The stock has a 50 day moving average of $85.92 and a 200 day moving average of $78.95. The company’s market cap is $18.11 billion.
Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share 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 analysts’ expectations of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. Workday’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. Equities analysts forecast that Workday will post ($0.04) EPS for the current fiscal year.
In other Workday news, CEO Aneel Bhusri sold 10,353 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $79.06, for a total value of $818,508.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Michael A. Stankey sold 56,200 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $88.20, for a total transaction of $4,956,840.00. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Mizuho Asset Management Co. Ltd. boosted 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 valued at $115,000 after buying an additional 877 shares in the last quarter. Mutual of America Capital Management LLC boosted 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 valued at $131,000 after buying an additional 1,581 shares in the last quarter. Societe Generale acquired a new position in shares of Workday during the second quarter valued at approximately $159,000. Mn Services Vermogensbeheer B.V. boosted 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 valued at $190,000 after buying an additional 78 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Workday during the second quarter valued at 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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