Workday (NASDAQ:WDAY) Price Target Lowered to $275.00 at KeyCorp

Workday (NASDAQ:WDAY) had its price objective trimmed by KeyCorp from $330.00 to $275.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other equities research analysts also recently commented on WDAY. StockNews.com downgraded shares of Workday from a strong-buy rating to a buy rating in a research report on Monday, April 8th. Needham & Company LLC increased their price target on shares of Workday from $300.00 to $350.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on Workday from $250.00 to $290.00 and gave the stock a hold rating in a report on Tuesday, February 27th. Evercore ISI upped their price target on shares of Workday from $310.00 to $350.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Finally, Citigroup lifted their price objective on shares of Workday from $270.00 to $293.00 and gave the company a neutral rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $283.96.

Workday Trading Down 15.3 %

WDAY stock traded down $39.99 during mid-day trading on Friday, reaching $220.91. The company’s stock had a trading volume of 15,622,846 shares, compared to its average volume of 2,392,779. Workday has a 12 month low of $192.68 and a 12 month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $259.94 and its 200 day moving average price is $268.90. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 7.78 and a beta of 1.33.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a return on equity of 6.02% and a net margin of 19.66%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $0.16 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that Workday will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now directly owns 843,000 shares in the company, valued at $223,302,270. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock worth $117,731,569 in the last ninety days. 20.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Workday

Several hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC raised its stake in shares of Workday by 4.9% in the third quarter. Yousif Capital Management LLC now owns 2,266 shares of the software maker’s stock worth $487,000 after purchasing an additional 105 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Workday by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,548 shares of the software maker’s stock valued at $2,051,000 after buying an additional 112 shares during the period. MGO One Seven LLC boosted its stake in shares of Workday by 17.4% in the 3rd quarter. MGO One Seven LLC now owns 1,713 shares of the software maker’s stock worth $368,000 after buying an additional 254 shares during the last quarter. Corient Private Wealth LLC boosted its position in Workday by 10.6% in the third quarter. Corient Private Wealth LLC now owns 33,330 shares of the software maker’s stock worth $7,254,000 after purchasing an additional 3,188 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Workday by 9.4% during the 3rd quarter. Signaturefd LLC now owns 3,380 shares of the software maker’s stock valued at $726,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.