Workday, Inc. (WDAY) Earns “Hold” Rating from Deutsche Bank AG
Workday, Inc. (NYSE:WDAY)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a research report issued on Thursday. They currently have a $105.00 price objective on the software maker’s stock, up from their previous price objective of $95.00. Deutsche Bank AG’s price objective would suggest a potential downside of 2.36% from the company’s previous close.
Several other research firms also recently weighed in on WDAY. Canaccord Genuity reissued a “buy” rating and set a $115.00 price objective on shares of Workday in a report on Friday, July 7th. JMP Securities reissued an “overweight” rating and set a $90.00 price objective on shares of Workday in a report on Thursday, June 1st. Citigroup Inc. reissued a “sell” rating on shares of Workday in a report on Tuesday, May 30th. Bank of America Corporation reissued a “buy” rating and set a $114.00 price objective (up previously from $96.00) on shares of Workday in a report on Friday, June 2nd. Finally, Drexel Hamilton reissued a “buy” rating and set a $114.00 price objective on shares of Workday in a report on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Workday has a consensus rating of “Hold” and an average price target of $96.78.
Workday (NYSE WDAY) traded up 2.329% during trading on Thursday, reaching $110.045. The company’s stock had a trading volume of 3,058,919 shares. Workday has a 1-year low of $65.79 and a 1-year high of $111.45. The company’s 50 day moving average price is $102.15 and its 200-day moving average price is $93.37. The stock’s market cap is $22.78 billion. Workday also was the recipient of some unusual options trading on Wednesday. Stock investors acquired 8,430 put options on the company. This is an increase of approximately 615% compared to the typical daily volume of 1,179 put options.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. The firm had revenue of $525.30 million for the quarter, compared to the consensus estimate of $507.44 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Equities analysts forecast that Workday will post $0.66 earnings per share for the current fiscal year.
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In other Workday news, CFO Robynne Sisco sold 1,043 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $102.91, for a total transaction of $107,335.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 8,760 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $103.62, for a total value of $907,711.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,285,592 shares of company stock valued at $128,237,888 over the last three months. Corporate insiders own 37.71% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Workday by 20.4% in the first quarter. Bank of Montreal Can now owns 41,798 shares of the software maker’s stock worth $3,481,000 after buying an additional 7,070 shares in the last quarter. Capstone Asset Management Co. bought a new stake in shares of Workday during the first quarter worth approximately $234,000. State of Alaska Department of Revenue bought a new stake in shares of Workday during the first quarter worth approximately $124,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Workday during the first quarter worth approximately $640,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Workday by 7.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,254 shares of the software maker’s stock worth $253,000 after buying an additional 230 shares in 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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