Workday, Inc. (WDAY) Upgraded by BidaskClub to Strong-Buy
Workday, Inc. (NYSE:WDAY) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.
A number of other research analysts also recently commented on WDAY. UBS AG reissued a “buy” rating and issued a $115.00 price objective (up previously from $103.00) on shares of Workday in a research report on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 target price on shares of Workday and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Royal Bank Of Canada restated a “buy” rating and set a $106.00 target price on shares of Workday in a research note on Sunday. Northland Securities restated a “hold” rating and set a $90.00 target price on shares of Workday in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co raised their target price on shares of Workday to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, July 13th. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average price target of $92.37.
Workday (NYSE:WDAY) opened at 101.16 on Tuesday. The firm’s market cap is $20.94 billion. The firm’s 50-day moving average is $100.70 and its 200-day moving average is $91.11. Workday has a 52-week low of $65.79 and a 52-week high of $106.75.
Workday (NYSE:WDAY) last announced its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The company had revenue of $479.90 million during the quarter, compared to the consensus estimate of $468.07 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 38.0% on a year-over-year basis. Analysts forecast that Workday will post $0.65 EPS for the current fiscal year.
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In other Workday news, COO James Bozzini sold 6,132 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $102.71, for a total transaction of $629,817.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Shaughnessy sold 1,873 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $94.42, for a total transaction of $176,848.66. The disclosure for this sale can be found here. Insiders have sold a total of 1,284,581 shares of company stock worth $127,908,387 over the last three months. Insiders own 37.71% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Workday by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock worth $827,474,000 after buying an additional 593,839 shares during the last quarter. State Street Corp raised its stake in Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock worth $190,552,000 after buying an additional 219,326 shares during the last quarter. Federated Investors Inc. PA raised its stake in Workday by 3.3% in the second quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock worth $128,263,000 after buying an additional 41,800 shares during the last quarter. Blair William & Co. IL raised its stake in Workday by 5.2% in the second quarter. Blair William & Co. IL now owns 963,882 shares of the software maker’s stock worth $93,497,000 after buying an additional 47,900 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in Workday by 16.5% in the first quarter. Champlain Investment Partners LLC now owns 804,615 shares of the software maker’s stock worth $67,008,000 after buying an additional 114,030 shares during the last quarter.
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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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