Wedbush reaffirmed their neutral rating on shares of Workday (NASDAQ:WDAY) in a research note released on Wednesday, Marketbeat reports. Wedbush currently has a $124.00 price objective on the software maker’s stock, down from their previous price objective of $152.00.

Several other research firms have also issued reports on WDAY. UBS Group increased their price target on shares of Workday to $169.00 and gave the stock a positive rating in a research report on Tuesday, September 4th. BMO Capital Markets increased their price target on shares of Workday from $137.00 to $165.00 and gave the stock a market perform rating in a research report on Wednesday. They noted that the move was a valuation call. JMP Securities reduced their price target on shares of Workday from $175.00 to $152.95 and set an outperform rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. KeyCorp reiterated a buy rating and set a $173.00 price target (up previously from $145.00) on shares of Workday in a research report on Wednesday, August 29th. Finally, OTR Global upgraded shares of Workday to a positive rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $145.31.

NASDAQ WDAY opened at $144.93 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 0.54. The company has a market cap of $31.22 billion, a P/E ratio of -114.12 and a beta of 2.02. Workday has a 1 year low of $95.35 and a 1 year high of $157.12.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $671.70 million for 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 13.36%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. equities analysts expect that Workday will post -0.81 EPS for the current year.

In other Workday news, insider Petros Dermetzis sold 9,510 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $128.09, for a total value of $1,218,135.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James P. Shaughnessy sold 2,178 shares of Workday stock in a transaction on Monday, July 16th. The stock was sold at an average price of $134.53, for a total transaction of $293,006.34. The disclosure for this sale can be found here. Insiders sold 446,338 shares of company stock worth $57,004,552 in the last 90 days. Company insiders own 33.59% of the company’s stock.

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 3,090,009 shares of the software maker’s stock worth $392,772,000 after purchasing an additional 39,749 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Workday by 19.7% during the first quarter. Franklin Resources Inc. now owns 1,342,790 shares of the software maker’s stock worth $170,682,000 after purchasing an additional 220,640 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Workday by 22.3% during the first quarter. Federated Investors Inc. PA now owns 1,296,567 shares of the software maker’s stock worth $164,807,000 after purchasing an additional 236,811 shares during the period. First Trust Advisors LP lifted its holdings in shares of Workday by 43.3% during the second quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock worth $119,898,000 after purchasing an additional 299,251 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Workday by 5.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 676,374 shares of the software maker’s stock worth $81,922,000 after purchasing an additional 32,119 shares during the period. Institutional investors own 67.96% of the company’s stock.

About Workday

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.

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