Workday, Inc. (WDAY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Workday, Inc. (NYSE:WDAY) have been assigned an average recommendation of “Hold” from the forty-one ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $100.68.

A number of analysts have issued reports on WDAY shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $120.00 price target (up from $115.00) on shares of Workday in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $114.00 target price (up from $101.00) on shares of Workday in a research note on Thursday, August 31st. Cowen and Company reiterated a “market perform” rating and issued a $100.00 price target (up from $93.00) on shares of Workday in a research note on Thursday, August 31st. Robert W. Baird reiterated a “buy” rating and issued a $114.00 price target on shares of Workday in a research note on Friday, September 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $117.00 price target (up from $110.00) on shares of Workday in a research note on Friday, September 1st.

In other Workday news, CFO Robynne Sisco sold 5,262 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $102.75, for a total transaction of $540,670.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aneel Bhusri sold 11,091 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $102.70, for a total value of $1,139,045.70. The disclosure for this sale can be found here. Insiders sold a total of 1,310,811 shares of company stock worth $134,589,892 in the last three months. Company insiders own 37.71% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Winfield Associates Inc. boosted its holdings in shares of Workday by 136.4% during the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after acquiring an additional 600 shares during the period. First Personal Financial Services boosted its stake in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after buying an additional 185 shares during the period. Global X Management Co. LLC boosted its stake in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the period. Toronto Dominion Bank boosted its stake in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares during the period. 67.74% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.themarketsdaily.com/2017/09/12/workday-inc-wday-receives-average-recommendation-of-hold-from-brokerages.html.

Shares of Workday (NYSE:WDAY) traded up 0.34% during midday trading on Wednesday, hitting $108.27. 1,467,584 shares of the stock traded hands. The company’s 50 day moving average price is $103.77 and its 200-day moving average price is $94.88. The stock’s market cap is $22.41 billion. Workday has a 12-month low of $65.79 and a 12-month high of $111.45.

Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Workday’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts expect that Workday will post $0.83 EPS for the current year.

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.

Analyst Recommendations for Workday (NYSE:WDAY)

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

Latest News

Leave a Reply