Jefferies Group reissued their hold rating on shares of Workday (NASDAQ:WDAY) in a research note issued to investors on Friday. The brokerage currently has a $101.00 price target on the software maker’s stock.

WDAY has been the topic of a number of other reports. Canaccord Genuity reaffirmed a buy rating and issued a $125.00 target price on shares of Workday in a research report on Friday, October 6th. J P Morgan Chase & Co reaffirmed a buy rating and issued a $120.00 target price on shares of Workday in a research report on Tuesday, November 28th. FBN Securities raised Workday from a sector perform rating to an outperform rating and upped their target price for the company from $115.00 to $125.00 in a research report on Wednesday, October 11th. BidaskClub raised Workday from a buy rating to a strong-buy rating in a research report on Wednesday, November 22nd. Finally, Cowen reaffirmed a market perform rating and issued a $100.00 target price on shares of Workday in a research report on Saturday, October 14th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $102.73.

Workday (WDAY) opened at $100.52 on Friday. Workday has a 52-week low of $65.79 and a 52-week high of $116.89. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same period in the prior year, the company posted $0.03 EPS. Workday’s quarterly revenue was up 35.6% on a year-over-year basis. equities analysts anticipate that Workday will post -1.31 EPS for the current year.

In related news, Director David A. Duffield sold 457,386 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $109.35, for a total transaction of $50,015,159.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 11,163 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $107.51, for a total value of $1,200,134.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,456,940 shares of company stock valued at $157,952,124. 37.71% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in Workday by 46.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 84,863 shares of the software maker’s stock worth $8,944,000 after buying an additional 26,967 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Workday in the third quarter worth $363,000. California Public Employees Retirement System grew its stake in shares of Workday by 1.7% in the third quarter. California Public Employees Retirement System now owns 221,300 shares of the software maker’s stock worth $23,323,000 after purchasing an additional 3,800 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Workday by 418.4% in the third quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after purchasing an additional 99,144 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Workday in the third quarter worth $2,276,000. Hedge funds and other institutional investors own 67.56% of the company’s stock.

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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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