Oppenheimer Holdings Inc. Reaffirms “Outperform” Rating for Workday Inc. (WDAY)
Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Workday Inc. (NYSE:WDAY) in a research note issued to investors on Tuesday. They currently have a $100.00 price objective on the stock, up from their prior price objective of $90.00.
Other equities research analysts have also issued research reports about the stock. Brean Capital reaffirmed a sell rating and set a $62.00 price target on shares of Workday in a research report on Wednesday, September 28th. Cowen and Company reaffirmed a market perform rating and set a $83.00 price target (up previously from $75.00) on shares of Workday in a research report on Friday, August 26th. Canaccord Genuity upped their price target on shares of Workday from $98.00 to $110.00 and gave the company a buy rating in a research report on Monday. Needham & Company LLC lowered shares of Workday from a buy rating to a hold rating in a research report on Monday, August 22nd. Finally, Vetr lowered shares of Workday from a buy rating to a hold rating and set a $87.71 price target for the company. in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $86.19.
Shares of Workday (NYSE:WDAY) opened at 91.56 on Tuesday. Workday has a 12 month low of $47.32 and a 12 month high of $93.00. The firm’s 50-day moving average is $87.38 and its 200 day moving average is $79.75. The company’s market capitalization is $18.31 billion.
Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. The company had revenue of $377.70 million for the quarter, compared to the consensus estimate of $372.68 million. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. Workday’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. Equities analysts expect that Workday will post ($0.03) EPS for the current year.
In other Workday news, CEO Aneel Bhusri sold 10,353 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.06, for a total value of $818,508.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robynne Sisco sold 897 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $79.01, for a total value of $70,871.97. The disclosure for this sale can be found here. 41.78% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of WDAY. Mizuho Asset Management Co. Ltd. increased 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 during the period. Mutual of America Capital Management LLC increased its stake in 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 during the period. Societe Generale purchased a new stake in Workday during the second quarter worth approximately $159,000. Mn Services Vermogensbeheer B.V. increased its stake in 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 during the period. Finally, World Asset Management Inc purchased a new stake in Workday during the second quarter worth approximately $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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