Robert W. Baird Reiterates Buy Rating for Workday Inc (WDAY)
Several other equities analysts have also issued reports on the company. FBN Securities raised Workday from a sector perform rating to an outperform rating and raised their price objective for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Canaccord Genuity reaffirmed a buy rating and set a $125.00 price objective on shares of Workday in a report on Friday, October 6th. BidaskClub lowered Workday from a strong-buy rating to a buy rating in a report on Friday, September 22nd. Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $117.00 price objective on shares of Workday in a report on Monday, September 18th. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $100.00 price objective (up previously from $94.00) on shares of Workday in a report on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Workday currently has a consensus rating of Hold and a consensus target price of $99.85.
Shares of Workday (NYSE:WDAY) opened at 109.36 on Thursday. The firm’s market cap is $22.75 billion. The firm’s 50-day moving average price is $106.14 and its 200-day moving average price is $98.72. Workday has a 12 month low of $65.79 and a 12 month high of $111.45.
Workday (NYSE:WDAY) last issued its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. Analysts expect that Workday will post $0.83 earnings per share for the current year.
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In other news, CFO Robynne Sisco sold 1,470 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.70, for a total transaction of $149,499.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip W. Wilmington sold 11,435 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $104.40, for a total transaction of $1,193,814.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,534,176 shares of company stock valued at $166,185,680. Insiders own 37.71% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Winfield Associates Inc. increased its stake in shares of Workday by 136.4% during the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after purchasing an additional 600 shares in the last quarter. First Personal Financial Services increased its stake in shares of Workday by 21.2% during the 2nd quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after purchasing an additional 185 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Workday by 9.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after purchasing an additional 97 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Workday by 17.6% during the 2nd quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after purchasing an additional 176 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Workday by 22.5% during the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after purchasing an additional 236 shares in the last quarter. 67.08% of the stock is owned by institutional investors and hedge funds.
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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