Workday (NASDAQ:WDAY) had its target price boosted by Canaccord Genuity from $145.00 to $175.00 in a research note released on Wednesday morning, The Fly reports. The firm currently has a buy rating on the software maker’s stock.

Several other research analysts also recently weighed in on WDAY. BidaskClub upgraded shares of Workday from a buy rating to a strong-buy rating in a research report on Tuesday, May 8th. Piper Jaffray Companies restated an overweight rating and set a $150.00 price target (up previously from $140.00) on shares of Workday in a research report on Monday, May 21st. OTR Global downgraded shares of Workday to a positive rating in a research report on Wednesday, May 23rd. Royal Bank of Canada increased their price objective on shares of Workday to $155.00 and gave the company an outperform rating in a report on Tuesday, May 29th. Finally, BMO Capital Markets increased their price objective on shares of Workday from $135.00 to $137.00 and gave the company a market perform rating in a report on Friday, June 1st. One investment 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. The company currently has a consensus rating of Buy and an average price target of $145.31.

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

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. The firm had revenue of $671.70 million during the quarter, compared to the consensus estimate of $663.38 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. sell-side analysts expect that Workday will post -0.81 earnings per share for the current fiscal year.

In other news, CFO Robynne Sisco sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $133.31, for a total transaction of $479,916.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aneel Bhusri sold 7,380 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $133.38, for a total transaction of $984,344.40. 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 90 days. Insiders own 33.59% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Tree Management LP increased its holdings in shares of Workday by 112.5% during the 1st quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock worth $122,000 after buying an additional 8,609 shares during the last quarter. Northstar Capital Management LLC acquired a new stake in shares of Workday during the 1st quarter worth approximately $133,000. Nisa Investment Advisors LLC increased its holdings in shares of Workday by 55.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock worth $170,000 after buying an additional 500 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Workday during the 2nd quarter worth approximately $183,000. Finally, Mirador Capital Partners LP acquired a new stake in shares of Workday during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 67.96% of the company’s stock.

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.

Further Reading: Why Dividend Stocks May Be Right for You

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.