Workday, Inc. (WDAY) Receives Buy Rating from Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group reissued their buy rating on shares of Workday, Inc. (NYSE:WDAY) in a research note released on Thursday. They currently have a $116.00 target price on the software maker’s stock.
Several other research firms have also issued reports on WDAY. JMP Securities reiterated an overweight rating and set a $90.00 price objective on shares of Workday in a research note on Thursday, June 1st. Wunderlich reiterated a hold rating and set a $96.00 price objective (up from $86.00) on shares of Workday in a research note on Saturday, June 3rd. Morgan Stanley reiterated an equal weight rating and set a $100.00 price objective (up from $91.00) on shares of Workday in a research note on Saturday, June 3rd. Royal Bank Of Canada increased their price objective on Workday from $105.00 to $106.00 and gave the stock an outperform rating in a research note on Friday, June 2nd. Finally, UBS AG reiterated an overweight rating and set a $116.00 price objective (up from $115.00) on shares of Workday in a research note on Thursday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Workday currently has an average rating of Hold and an average price target of $98.61.
Workday (WDAY) traded down 0.40% on Thursday, hitting $109.25. 810,073 shares of the stock were exchanged. Workday has a one year low of $65.79 and a one year high of $111.45. The company’s 50 day moving average price is $102.91 and its 200-day moving average price is $93.95. The company’s market cap is $22.61 billion. Workday also was the recipient of unusually large options trading on Wednesday. Investors purchased 8,430 put options on the company. This is an increase of approximately 615% compared to the typical volume of 1,179 put options.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. Workday had a negative return on equity of 24.88% and a negative net margin of 19.78%. Workday’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities research analysts predict that Workday will post $0.81 EPS for the current fiscal year.
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In other Workday news, SVP James P. Shaughnessy sold 1,959 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $101.71, for a total value of $199,249.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robynne Sisco sold 1,043 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $102.91, for a total value of $107,335.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,285,592 shares of company stock valued at $128,237,888. 37.71% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of WDAY. Wedbush Securities Inc. boosted its position in shares of Workday by 0.8% in the first quarter. Wedbush Securities Inc. now owns 5,573 shares of the software maker’s stock worth $464,000 after buying an additional 44 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Workday by 0.5% in the second quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after buying an additional 45 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Workday by 2.5% in the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after buying an additional 83 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares during the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Workday by 0.5% in the first quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock worth $1,782,000 after buying an additional 100 shares during the last quarter.
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. 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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