Workday Inc (NASDAQ:WDAY) – Piper Jaffray Companies issued their Q3 2020 earnings per share estimates for Workday in a report released on Wednesday, November 13th. Piper Jaffray Companies analyst B. Bracelin anticipates that the software maker will post earnings per share of ($0.36) for the quarter. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Workday’s Q4 2020 earnings at ($0.32) EPS, FY2020 earnings at ($1.13) EPS, Q1 2021 earnings at ($0.32) EPS, Q2 2021 earnings at ($0.33) EPS, Q3 2021 earnings at ($0.36) EPS, Q4 2021 earnings at ($0.36) EPS, FY2021 earnings at ($1.36) EPS and Q2 2022 earnings at ($0.40) EPS.
WDAY has been the subject of a number of other reports. Barclays set a $175.00 price objective on shares of Workday and gave the stock a “hold” rating in a research note on Friday, November 1st. Canaccord Genuity decreased their price target on shares of Workday from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Guggenheim set a $235.00 price target on shares of Workday and gave the company a “buy” rating in a research report on Thursday, October 17th. JMP Securities set a $225.00 price target on shares of Workday and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, ValuEngine raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the stock. Workday currently has an average rating of “Hold” and an average price target of $211.36.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.33) by ($0.05). Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The business had revenue of $887.75 million during the quarter, compared to analysts’ expectations of $872.44 million. During the same period last year, the company earned $0.31 earnings per share. The firm’s revenue was up 32.2% compared to the same quarter last year.
Large investors have recently modified their holdings of the stock. Banco de Sabadell S.A acquired a new position in Workday in the 2nd quarter worth approximately $31,000. San Francisco Sentry Investment Group CA increased its holdings in Workday by 445.7% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock worth $33,000 after buying an additional 156 shares during the period. Carroll Financial Associates Inc. increased its holdings in 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 during the period. North Star Investment Management Corp. acquired a new position in Workday in the 3rd quarter worth approximately $34,000. Finally, Shine Investment Advisory Services Inc. increased its holdings in Workday by 121.7% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 204 shares of the software maker’s stock worth $35,000 after buying an additional 112 shares during the period. Institutional investors own 66.89% of the company’s stock.
In other news, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $175.27, for a total transaction of $52,581,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Petros Dermetzis sold 3,556 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $175.09, for a total transaction of $622,620.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,099,707 shares of company stock worth $189,341,183. Corporate insiders own 29.80% of the company’s stock.
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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