Workday Inc. (NYSE:WDAY) Receives $84.59 Consensus Target Price from Brokerages
Workday Inc. (NYSE:WDAY) has been given an average rating of “Hold” by the forty-one research firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $86.29.
A number of analysts have recently commented on the company. Deutsche Bank AG restated a “hold” rating and set a $60.00 price objective on shares of Workday in a report on Thursday, June 2nd. Nomura restated a “neutral” rating and set a $90.00 price objective on shares of Workday in a report on Wednesday. Robert W. Baird restated an “outperform” rating and set a $95.00 price objective on shares of Workday in a report on Wednesday. Jefferies Group upped their price objective on Workday from $72.00 to $79.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Workday in a report on Wednesday.
Shares of Workday (NYSE:WDAY) opened at 90.36 on Tuesday. Workday has a one year low of $47.32 and a one year high of $91.39. The stock’s market capitalization is $18.07 billion. The firm’s 50-day moving average price is $86.15 and its 200-day moving average price is $79.04.
Workday (NYSE:WDAY) last released its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The firm 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 company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. Equities research analysts anticipate that Workday will post ($0.03) EPS for the current fiscal year.
In other Workday news, Chairman David A. Duffield sold 351,750 shares of Workday stock in a transaction on Friday, September 16th. The shares were sold at an average price of $88.23, for a total transaction of $31,034,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Michael A. Stankey sold 8,781 shares of Workday 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 disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Mizuho Asset Management Co. Ltd. increased 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 worth $115,000 after buying an additional 877 shares in the last quarter. Mutual of America Capital Management LLC increased 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 worth $131,000 after buying an additional 1,581 shares in the last quarter. Societe Generale acquired a new position in Workday during the second quarter worth $159,000. Mn Services Vermogensbeheer B.V. increased 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 worth $190,000 after buying an additional 78 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in Workday during the second quarter worth $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.