Workday Inc. (WDAY) Stock Rating Reaffirmed by Citigroup Inc.
A number of other equities analysts have also recently issued reports on the stock. Brean Capital restated a sell rating and set a $62.00 target price on shares of Workday in a research report on Wednesday, September 28th. Jefferies Group lifted their target price on shares of Workday from $72.00 to $79.00 and gave the stock a hold rating in a research report on Wednesday, September 28th. Robert W. Baird restated an outperform rating and set a $95.00 target price on shares of Workday in a research report on Wednesday, September 28th. BTIG Research reissued a buy rating and issued a $97.00 price objective on shares of Workday in a research report on Wednesday, September 28th. Finally, Wedbush raised shares of Workday from an underperform rating to a neutral rating and boosted their price objective for the company from $69.00 to $82.00 in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have issued a buy rating to the stock. Workday presently has a consensus rating of Hold and an average price target of $85.91.
Shares of Workday (NYSE:WDAY) opened at 91.18 on Wednesday. Workday has a 12-month low of $47.32 and a 12-month high of $92.46. The firm’s market capitalization is $18.24 billion. The firm’s 50-day moving average is $86.60 and its 200-day moving average is $79.45.
Workday (NYSE:WDAY) last announced its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.02. The business had revenue of $377.70 million for the quarter, compared to analyst estimates of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The business’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Equities research analysts forecast that Workday will post ($0.03) EPS for the current fiscal year.
In related news, Chairman David A. Duffield sold 400,000 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $83.32, for a total value of $33,328,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David A. Duffield sold 351,750 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $88.23, for a total transaction of $31,034,902.50. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 position 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 position in shares of Workday during the second quarter worth about $159,000. Mn Services Vermogensbeheer B.V. raised its position 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 position in shares of Workday during the second quarter worth about $213,000.
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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