Robert W. Baird Reiterates “Outperform” Rating for Workday Inc. (WDAY)
Workday Inc. (NYSE:WDAY)‘s stock had its “outperform” rating reiterated by stock analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They currently have a $95.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 5.14% from the company’s current price.
Several other equities research analysts also recently commented on WDAY. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Workday in a report on Tuesday, May 31st. Citigroup Inc. reaffirmed a “buy” rating and set a $87.00 target price on shares of Workday in a report on Wednesday, June 1st. Barclays PLC reaffirmed a “hold” rating and set a $80.00 target price (down from $84.00) on shares of Workday in a report on Wednesday, June 1st. Jefferies Group reaffirmed a “hold” rating on shares of Workday in a report on Wednesday, June 1st. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Workday in a report on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $85.56.
Workday (NYSE:WDAY) opened at 90.36 on Wednesday. The stock has a 50 day moving average price of $86.15 and a 200 day moving average price of $79.04. Workday has a 1-year low of $47.32 and a 1-year high of $91.39. The firm’s market capitalization is $18.07 billion.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 company had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. During the same period in the prior year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. Analysts predict that Workday will post ($0.03) EPS for the current year.
In related news, Director Michael M. Mcnamara sold 3,400 shares of Workday stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $80.23, for a total transaction of $272,782.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Michael A. Stankey sold 56,200 shares of Workday stock in a transaction on Monday, September 26th. The stock was sold at an average price of $88.20, for a total value of $4,956,840.00. The disclosure for this sale can be found here. 41.78% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in WDAY. Mn Services Vermogensbeheer B.V. boosted its stake 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 period. Commonwealth Equity Services Inc boosted its stake in shares of Workday by 2.6% in the first quarter. Commonwealth Equity Services Inc now owns 4,499 shares of the company’s stock worth $346,000 after buying an additional 115 shares during the period. US Bancorp DE boosted its stake in shares of Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock worth $2,026,000 after buying an additional 123 shares during the period. American International Group Inc. boosted its stake in shares of Workday by 3.7% in the second quarter. American International Group Inc. now owns 3,466 shares of the company’s stock worth $259,000 after buying an additional 125 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Workday by 2.1% in the second quarter. CIBC Asset Management Inc now owns 8,332 shares of the company’s stock worth $622,000 after buying an additional 172 shares during the period.
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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