Workday (NASDAQ:WDAY) had its price target upped by UBS Group to $169.00 in a research report report published on Tuesday, The Fly reports. They currently have a positive rating on the software maker’s stock.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Workday from a strong-buy rating to a buy rating in a report on Thursday, May 24th. Monness Crespi & Hardt raised their price target on shares of Workday from $156.00 to $158.00 and gave the company a buy rating in a report on Friday, June 1st. ValuEngine raised shares of Workday from a hold rating to a buy rating in a report on Monday, July 2nd. Guggenheim initiated coverage on shares of Workday in a report on Monday, August 20th. They issued a buy rating and a $175.00 price target for the company. Finally, Needham & Company LLC raised their price target on shares of Workday from $150.00 to $170.00 and gave the company a buy rating in a report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $145.31.

Shares of Workday stock opened at $144.52 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.77 and a quick ratio of 1.77. Workday has a fifty-two week low of $95.35 and a fifty-two week high of $157.12.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $671.70 million during the quarter, compared to analyst estimates of $663.38 million. Workday had a negative net margin of 13.81% and a negative return on equity of 13.74%. Workday’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. equities analysts predict that Workday will post -0.78 EPS for the current fiscal year.

In other Workday news, SVP James P. Shaughnessy sold 2,178 shares of Workday stock in a transaction on Monday, July 16th. The shares were sold at an average price of $134.53, for a total transaction of $293,006.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robynne Sisco sold 3,600 shares of Workday stock in a transaction on Monday, July 16th. The stock was sold at an average price of $133.31, for a total transaction of $479,916.00. The disclosure for this sale can be found here. Insiders have sold a total of 446,338 shares of company stock valued at $57,004,552 in the last ninety days. Company insiders own 33.59% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its position in shares of Workday by 112.5% during the first quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock worth $122,000 after purchasing an additional 8,609 shares in the last quarter. Northstar Capital Management LLC bought a new position in shares of Workday during the first quarter worth $133,000. Nisa Investment Advisors LLC boosted its position in shares of Workday by 55.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock worth $170,000 after purchasing an additional 500 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Workday during the second quarter worth $183,000. Finally, Mirador Capital Partners LP bought a new position in shares of Workday during the second quarter worth $200,000. 67.96% of the stock is owned by hedge funds and other institutional investors.

Workday Company Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

Featured Story: Diversification For Individual Investors

The Fly

Analyst Recommendations for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.