Workday Inc (NASDAQ:WDAY) Receives Average Recommendation of “Hold” from Analysts

Shares of Workday Inc (NASDAQ:WDAY) have earned a consensus rating of “Hold” from the thirty-six analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $212.45.

WDAY has been the topic of several research reports. Morgan Stanley set a $219.00 target price on Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup raised Workday from a “sell” rating to a “neutral” rating and upped their target price for the stock from $138.00 to $192.00 in a research report on Friday, August 30th. Stifel Nicolaus upped their target price on Workday from $195.00 to $210.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. BMO Capital Markets dropped their target price on Workday from $230.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Finally, ValuEngine raised Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

In related news, Director David A. Duffield sold 233,914 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $213.79, for a total transaction of $50,008,474.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aneel Bhusri sold 6,576 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $219.15, for a total value of $1,441,130.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,038,975 shares of company stock valued at $191,615,842. 29.80% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Banco de Sabadell S.A bought a new stake in shares of Workday in the 2nd quarter worth approximately $31,000. Advisory Alpha LLC acquired a new position in shares of Workday in the 1st quarter worth approximately $30,000. Carroll Financial Associates Inc. raised its holdings in shares of Workday by 47.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after buying an additional 54 shares in the last quarter. Motco acquired a new position in shares of Workday in the 2nd quarter worth approximately $39,000. Finally, Advantage Investment Management LLC raised its holdings in shares of Workday by 89.0% in the 2nd quarter. Advantage Investment Management LLC now owns 189 shares of the software maker’s stock worth $39,000 after buying an additional 89 shares in the last quarter. Institutional investors own 66.62% of the company’s stock.

Shares of Workday stock traded down $1.22 on Thursday, reaching $168.74. 1,374,735 shares of the company were exchanged, compared to its average volume of 1,827,728. The stock has a fifty day moving average price of $179.13 and a 200-day moving average price of $197.01. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of -138.31 and a beta of 1.56. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday has a fifty-two week low of $117.72 and a fifty-two week high of $226.83.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.05). The company had revenue of $887.75 million for the quarter, compared to analyst estimates of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities analysts anticipate that Workday will post -1.16 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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