Workday, Inc. (WDAY) – What Are Researchers Saying About This Stock?

Shares of Workday, Inc. (NASDAQ:WDAY) have earned an average rating of “Hold” from the forty-four analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $202.10.

A number of analysts recently commented on WDAY shares. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. The Goldman Sachs Group boosted their price objective on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Piper Sandler upped their price objective on shares of Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Lake Street Capital set a $205.00 price objective on shares of Workday in a report on Friday, August 14th. Finally, Wells Fargo & Company upped their price target on Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, August 28th.

Workday Stock Down 1.5%

Workday stock opened at $205.46 on Wednesday. The stock’s 50 day moving average is $193.84 and its 200 day moving average is $156.44. Workday has a one year low of $110.36 and a one year high of $241.83.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Workday will post 5.32 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, major shareholder David Duffield sold 100,780 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the sale, the insider directly owned 105,049 shares in the company, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 988,104 shares of company stock valued at $188,811,574 in the last three months. 18.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently made changes to their positions in WDAY. Kintegral Advisory LLC boosted its stake in shares of Workday by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 10,893 shares of the software maker’s stock valued at $2,075,000 after purchasing an additional 61 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Workday by 55.9% in the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock valued at $33,000 after purchasing an additional 62 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Workday by 18.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 437 shares of the software maker’s stock valued at $83,000 after purchasing an additional 67 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Workday by 1.6% during the third quarter. Citizens Financial Group Inc. RI now owns 4,770 shares of the software maker’s stock valued at $908,000 after purchasing an additional 75 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of Workday by 21.8% during the third quarter. Elevation Wealth Partners LLC now owns 481 shares of the software maker’s stock valued at $92,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.