Deutsche Bank AG Boosts Workday Inc. (WDAY) Price Target to $85.00
A number of other analysts have also recently commented on WDAY. Vetr cut shares of Workday from a buy rating to a hold rating and set a $87.71 price target on the stock. in a research note on Thursday, August 25th. Piper Jaffray Cos. restated a neutral rating and set a $80.00 price target (up from $74.00) on shares of Workday in a research note on Friday, August 26th. Cowen and Company restated a market perform rating and set a $83.00 price target (up from $75.00) on shares of Workday in a research note on Friday, August 26th. Goldman Sachs Group Inc. restated a neutral rating and set a $78.00 price target on shares of Workday in a research note on Saturday, August 13th. Finally, Needham & Company LLC restated a hold rating on shares of Workday in a research note on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $84.11.
Shares of Workday (NYSE:WDAY) opened at 90.52 on Friday. The company’s market cap is $18.10 billion. The firm’s 50 day moving average is $84.90 and its 200-day moving average is $78.31. Workday has a 1-year low of $47.32 and a 1-year high of $90.73.
Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. The company earned $377.70 million during the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Equities analysts expect that Workday will post ($0.04) earnings per share for the current year.
In other Workday news, Vice Chairman Michael A. Stankey sold 8,781 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.06, for a total transaction of $694,225.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David A. Duffield sold 400,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $83.32, for a total transaction of $33,328,000.00. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. raised its stake in Workday by 132.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,541 shares of the company’s stock worth $115,000 after buying an additional 877 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Workday by 930.0% in the second quarter. Mutual of America Capital Management LLC now owns 1,751 shares of the company’s stock worth $131,000 after buying an additional 1,581 shares in the last quarter. Societe Generale bought a new stake in shares of Workday during the second quarter worth approximately $159,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock worth $190,000 after buying an additional 78 shares in the last quarter. Finally, World Asset Management Inc bought a new stake in shares of Workday during the second quarter worth approximately $213,000.
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. It operates in the cloud applications segment.
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