Workday Inc. (WDAY) Given New $110.00 Price Target at Canaccord Genuity
Workday Inc. (NYSE:WDAY) had its price target lifted by Canaccord Genuity from $98.00 to $110.00 in a research note issued to investors on Monday. The brokerage currently has a buy rating on the stock.
WDAY has been the topic of several other reports. Brean Capital reaffirmed a sell rating and issued a $62.00 target price on shares of Workday in a research report on Wednesday, September 28th. Cowen and Company reaffirmed a market perform rating and issued a $83.00 target price (up from $75.00) on shares of Workday in a research report on Friday, August 26th. Needham & Company LLC lowered Workday from a buy rating to a hold rating in a research report on Monday, August 22nd. Vetr lowered 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. Finally, BTIG Research reaffirmed a buy rating and issued a $97.00 target price on shares of Workday in a research report on Wednesday, September 28th. Two equities 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. The stock currently has an average rating of Hold and an average price target of $85.91.
Workday (NYSE:WDAY) opened at 91.18 on Monday. Workday has a 12 month low of $47.32 and a 12 month high of $92.46. The firm has a 50 day moving average price of $86.60 and a 200-day moving average price of $79.45. The firm’s market capitalization is $18.24 billion.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. The business earned $377.70 million during the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The firm’s revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. On average, equities analysts forecast that Workday will post ($0.03) EPS for the current year.
In related news, CEO Aneel Bhusri sold 10,353 shares of the firm’s stock in a transaction dated 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 SEC, which is available at this hyperlink. Also, Director Michael M. Mcnamara sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $80.23, for a total transaction of $272,782.00. 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 made changes to their positions in the stock. Bayesian Capital Management LP purchased a new position in Workday during the first quarter valued at approximately $248,000. Geode Capital Management LLC boosted its position in Workday by 5.0% in the first quarter. Geode Capital Management LLC now owns 647,820 shares of the company’s stock valued at $49,747,000 after buying an additional 30,992 shares in the last quarter. State Street Corp boosted its position in Workday by 4.1% in the first quarter. State Street Corp now owns 1,854,350 shares of the company’s stock valued at $142,497,000 after buying an additional 73,344 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Workday during the first quarter valued at approximately $546,000. Finally, Canada Pension Plan Investment Board boosted its position in Workday by 1,953.8% in the first quarter. Canada Pension Plan Investment Board now owns 17,211 shares of the company’s stock valued at $1,322,000 after buying an additional 16,373 shares in the last quarter.
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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