Workday Inc. (WDAY) Given “Buy” Rating at Drexel Hamilton
Workday Inc. (NYSE:WDAY)‘s stock had its “buy” rating reiterated by stock analysts at Drexel Hamilton in a research note issued to investors on Wednesday. They currently have a $110.00 price target on the stock. Drexel Hamilton’s price target suggests a potential upside of 30.46% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. DA Davidson reaffirmed a “buy” rating and set a $99.00 price objective (up previously from $97.00) on shares of Workday in a research note on Wednesday, August 24th. Brean Capital reaffirmed a “sell” rating and set a $62.00 price objective on shares of Workday in a research note on Tuesday, November 22nd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $78.00 price objective on shares of Workday in a research note on Saturday, August 13th. Finally, Wedbush raised Workday from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $82.00 in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company. Workday has an average rating of “Hold” and an average target price of $85.72.
Workday (NYSE:WDAY) traded up 0.32% during mid-day trading on Wednesday, hitting $84.32. The stock had a trading volume of 1,678,616 shares. The stock’s 50-day moving average is $84.94 and its 200 day moving average is $82.58. Workday has a 52 week low of $47.32 and a 52 week high of $93.35. The company’s market capitalization is $16.86 billion.
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In other news, Chairman David A. Duffield sold 351,750 shares of the company’s stock in a transaction dated 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 SEC, which is accessible through this link. Also, EVP James Bozzini sold 4,587 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $86.35, for a total transaction of $396,087.45. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. raised 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 valued at $109,000 after buying an additional 155 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised 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 valued at $115,000 after buying an additional 877 shares in the last quarter. TLP Group LLC raised 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 valued at $130,000 after buying an additional 731 shares in the last quarter. Mutual of America Capital Management LLC raised 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 valued at $131,000 after buying an additional 1,581 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of Workday during the third quarter valued at $138,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.
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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