Workday’s (WDAY) Buy Rating Reiterated at KeyCorp
KeyCorp reissued their buy rating on shares of Workday (NASDAQ:WDAY) in a report released on Wednesday morning. The brokerage currently has a $140.00 price target on the software maker’s stock, up from their prior price target of $131.00.
A number of other research firms have also commented on WDAY. Evercore ISI reaffirmed a hold rating and set a $125.00 price objective on shares of Workday in a research note on Friday, February 23rd. Bank of America upped their target price on Workday from $134.00 to $141.00 and gave the company a buy rating in a report on Monday, February 26th. Macquarie upgraded Workday from an underperform rating to a neutral rating in a report on Monday, February 26th. Cowen reiterated a market perform rating and issued a $117.00 target price (up previously from $107.00) on shares of Workday in a report on Thursday, February 22nd. Finally, Royal Bank of Canada upped their target price on Workday to $135.00 and gave the company an outperform rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Workday currently has a consensus rating of Hold and a consensus price target of $119.22.
Shares of Workday (WDAY) opened at $131.28 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11. Workday has a 52 week low of $80.61 and a 52 week high of $131.38. The company has a market cap of $29,200.00, a PE ratio of -85.25 and a beta of 1.86.
In other Workday news, insider Gomez Luciano Fernandez sold 1,709 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $124.23, for a total transaction of $212,309.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James P. Shaughnessy sold 6,409 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $103.47, for a total value of $663,139.23. The disclosure for this sale can be found here. Insiders sold 1,124,015 shares of company stock worth $119,440,206 in the last 90 days. 37.71% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its holdings in Workday by 8.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after purchasing an additional 19,446 shares during the last quarter. IBM Retirement Fund acquired a new position in Workday during the third quarter valued at approximately $204,000. Beech Hill Advisors Inc. acquired a new position in Workday during the fourth quarter valued at approximately $275,000. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Workday by 3.2% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after purchasing an additional 19,122 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Workday by 7.8% in the third quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after acquiring an additional 3,600 shares during the period. Institutional investors own 68.19% of the company’s stock.
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.
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