Workday Inc. (NYSE:WDAY)‘s stock had its “hold” rating reissued by equities researchers at Needham & Company LLC in a report issued on Monday.

Several other research firms have also weighed in on WDAY. Canaccord Genuity lifted their target price on shares of Workday from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Workday in a research note on Tuesday, October 4th. DA Davidson set a $107.00 target price on shares of Workday and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Wedbush raised shares of Workday from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $69.00 to $82.00 in a research note on Wednesday, September 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $97.00 target price on shares of Workday in a research note on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $85.72.

Analyst Recommendations for Workday (NYSE:WDAY)

Workday (NYSE:WDAY) traded down 0.20% during trading on Monday, reaching $83.47. 874,772 shares of the company’s stock traded hands. The firm’s market capitalization is $16.69 billion. The company has a 50-day moving average price of $85.38 and a 200 day moving average price of $82.24. Workday has a one year low of $47.32 and a one year high of $93.35.

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In other Workday news, Chairman David A. Duffield sold 351,750 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $88.23, for a total value of $31,034,902.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Mcnamara sold 6,800 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $85.00, for a total value of $578,000.00. The disclosure for this sale can be found here. 41.78% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of WDAY. Prudential Financial Inc. raised its position in Workday by 1.4% in the third quarter. Prudential Financial Inc. now owns 3,510 shares of the company’s stock valued at $322,000 after buying an additional 50 shares during the period. Mn Services Vermogensbeheer B.V. raised 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 valued at $190,000 after buying an additional 78 shares during the period. US Bancorp DE raised its position in Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock valued at $2,026,000 after buying an additional 123 shares during the period. American International Group Inc. raised its position in Workday by 3.7% in the second quarter. American International Group Inc. now owns 3,466 shares of the company’s stock valued at $259,000 after buying an additional 125 shares during the period. Finally, Advisor Group Inc. raised its position in Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the company’s stock valued at $109,000 after buying an additional 155 shares during the period. 64.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:WDAY

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