Workday (NASDAQ:WDAY)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research report issued on Thursday. They presently have a $104.00 price target on the software maker’s stock, down from their prior price target of $106.00. Wedbush’s target price points to a potential upside of 3.46% from the company’s previous close.

Several other equities research analysts have also recently weighed in on WDAY. 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, August 6th. BidaskClub upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets increased their price target on Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, August 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 price target on shares of Workday in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $115.00 price target on shares of Workday in a research note on Tuesday, August 22nd. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Workday has an average rating of “Hold” and a consensus target price of $102.73.

Shares of Workday (NASDAQ WDAY) opened at $100.52 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday has a 12 month low of $65.79 and a 12 month high of $116.89.

Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Workday had a negative return on equity of 20.71% and a negative net margin of 16.91%. The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 35.6% on a year-over-year basis. equities analysts anticipate that Workday will post -1.33 earnings per share for the current fiscal year.

In other Workday news, CEO Aneel Bhusri sold 11,163 shares of Workday stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $107.51, for a total transaction of $1,200,134.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James P. Shaughnessy sold 8,781 shares of Workday stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $108.44, for a total transaction of $952,211.64. The disclosure for this sale can be found here. Insiders have sold a total of 1,456,940 shares of company stock valued at $157,952,124 in the last quarter. Company insiders own 37.71% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Capstone Asset Management Co. raised its holdings in shares of Workday by 9.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,076 shares of the software maker’s stock worth $298,000 after purchasing an additional 270 shares during the period. Strs Ohio raised its holdings in shares of Workday by 1,115.3% in the 2nd quarter. Strs Ohio now owns 147,836 shares of the software maker’s stock worth $14,340,000 after purchasing an additional 135,671 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of Workday by 1.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,984 shares of the software maker’s stock worth $2,423,000 after purchasing an additional 407 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Workday by 6.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 67,518 shares of the software maker’s stock worth $6,540,000 after purchasing an additional 4,081 shares during the period. Finally, Winfield Associates Inc. raised its holdings in shares of Workday by 136.4% in 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 during the period. 67.56% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Workday (NASDAQ:WDAY)

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