Workday Inc. (NYSE:WDAY) has been given a $83.00 target price by investment analysts at Cowen and Company in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the stock. Cowen and Company’s price target suggests a potential downside of 1.57% from the stock’s current price.

A number of other analysts also recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Workday in a report on Monday. DA Davidson set a $107.00 price objective on shares of Workday and gave the company a “buy” rating in a report on Friday, November 25th. Barclays PLC reiterated a “hold” rating and issued a $77.00 price objective on shares of Workday in a report on Wednesday, November 23rd. Brean Capital reiterated a “sell” rating and issued a $62.00 price objective on shares of Workday in a report on Tuesday, November 22nd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Workday in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.72.

Analyst Recommendations for Workday (NYSE:WDAY)

Workday (NYSE:WDAY) opened at 84.32 on Tuesday. The company’s market cap is $16.86 billion. The company has a 50-day moving average of $84.94 and a 200-day moving average of $82.58. Workday has a 52 week low of $47.32 and a 52 week high of $93.35.

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In other Workday 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 value of $31,034,902.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aneel Bhusri sold 10,317 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 $890,872.95. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in shares of 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. increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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. increased its stake 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 during the period. 64.31% of the stock is currently owned by 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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