Workday (WDAY) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about Workday (NASDAQ:WDAY) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Workday earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.3455549031171 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- 5 Analyst Takes On Workday’s Earnings – Benzinga (benzinga.com)
- Workday's Product Suite Impressive: Time to Hold the Stock? (finance.yahoo.com)
- Workday (WDAY) Earns Hold Rating from Jefferies Group (americanbankingnews.com)
- Workday (WDAY) versus Its Competitors Critical Survey (americanbankingnews.com)
- Workday (WDAY) Stock Rating Reaffirmed by Citigroup (americanbankingnews.com)
A number of equities research analysts have issued reports on the company. Bank of America boosted their price target on Workday from $123.00 to $134.00 and gave the company a “buy” rating in a research report on Monday. BidaskClub raised Workday from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. J P Morgan Chase & Co reissued a “buy” rating and set a $120.00 price target on shares of Workday in a research report on Tuesday. UBS reissued a “sell” rating and set a $95.00 price target (down previously from $121.00) on shares of Workday in a research report on Thursday, November 9th. Finally, Robert W. Baird reissued a “buy” rating on shares of Workday in a research report on Friday, October 6th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Workday has a consensus rating of “Hold” and a consensus price target of $102.73.
Shares of Workday (NASDAQ WDAY) traded down $2.48 on Friday, reaching $100.52. The company had a trading volume of 3,663,892 shares, compared to its average volume of 1,605,296. Workday has a 1 year low of $65.79 and a 1 year high of $116.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.16.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. Workday’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share. research analysts anticipate that Workday will post -1.33 EPS for the current year.
In related news, Director David A. Duffield sold 457,386 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $109.35, for a total value of $50,015,159.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Duffield sold 218,149 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $108.69, for a total value of $23,710,614.81. The disclosure for this sale can be found here. Insiders sold 1,456,940 shares of company stock valued at $157,952,124 in the last three months. 37.71% of the stock is currently owned by company insiders.
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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.
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