Workday Inc. (WDAY) Stock Rating Reaffirmed by Brean Capital
Workday Inc. (NYSE:WDAY)‘s stock had its “sell” rating reiterated by research analysts at Brean Capital in a research note issued on Tuesday. They currently have a $62.00 price target on the stock. Brean Capital’s price target points to a potential downside of 26.06% from the company’s previous close.
Other analysts have also recently issued reports about the company. Stephens dropped their price objective on Workday from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, August 25th. First Analysis cut Workday from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $87.00 to $88.00 in a research note on Thursday, August 25th. Canaccord Genuity upped their price target on Workday from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Workday in a research note on Saturday, August 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $99.00 price target (up from $97.00) on shares of Workday in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have assigned a buy rating to the stock. Workday has an average rating of “Hold” and an average target price of $85.74.
Shares of Workday (NYSE:WDAY) traded down 2.28% during midday trading on Tuesday, reaching $81.94. 916,698 shares of the company traded hands. The firm’s market capitalization is $16.39 billion. Workday has a 12 month low of $47.32 and a 12 month high of $93.35. The company has a 50 day moving average of $86.21 and a 200 day moving average of $82.05.
Workday (NYSE:WDAY) last announced its quarterly earnings data 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 firm had revenue of $377.70 million for the quarter, compared to the consensus estimate of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, equities research analysts predict that Workday will post ($0.03) earnings per share for the current fiscal year.
In other news, CFO Robynne Sisco sold 5,489 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $83.29, for a total transaction of $457,178.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $83.31, for a total value of $6,248,250.00. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its position in shares of Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the company’s stock worth $109,000 after buying an additional 155 shares during the period. 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 period. TLP Group LLC increased its position in shares of Workday by 107.0% in the third quarter. TLP Group LLC now owns 1,414 shares of the company’s stock worth $130,000 after buying an additional 731 shares during the period. 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 period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Workday during the third quarter worth about $138,000. Institutional investors own 62.81% of the company’s stock.
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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