Working day (NASDAQ:WDAY – Get a rating) had its price target lowered by BMO Capital Markets analysts from $249.00 to $239.00 in a research report released Friday to clients and investors, Fly reports. BMO Capital Markets’ price target indicates upside potential of 53.45% from the company’s previous close.
Other research analysts have also recently published reports on the stock. KeyCorp lowered its price target on Workday shares from $229.00 to $207.00 and set an “overweight” rating for the company in a report on Friday. Citigroup upgraded Workday to a “buy” rating and set a price target of $295.00 for the company in a Tuesday, February 1, report. UBS Group cut its price target on Workday from $185.00 to $170.00 in a report on Friday. Barclays lowered its price target on Workday from $238.00 to $208.00 and set an “overweight” rating for the company in a report on Friday. Finally, Evercore ISI cut its price target on Workday from $350.00 to $325.00 and set an “outperform” rating for the company in a Tuesday, March 1 report. Four analysts gave the stock a hold rating and twenty-six gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $261.39.
NASDAQ WDAY opened at $155.75 on Friday. The company has a fifty-day moving average price of $209.50 and a two-hundred-day moving average price of $239.37. The company has a debt ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. Workday has a fifty-two week low of $157.49 and a fifty-two week high of $307.81. The stock has a market capitalization of $38.94 billion, a PE ratio of 1,551.80 and a beta of 1.39.
Working day (NASDAQ:WDAY – Get a rating) last released its results on Thursday, May 26. The software maker reported earnings per share of $0.83 for the quarter, missing the consensus estimate of $0.85 per ($0.02). The company posted revenue of $1.43 billion for the quarter, versus a consensus estimate of $1.43 billion. Workday achieved a return on equity of 2.63% and a net margin of 0.57%. The company’s revenue for the quarter increased 22.1% on an annual basis. In the same quarter of the previous year, the company had earned earnings per share of ($0.01). As a group, sell-side analysts expect Workday to post -0.45 earnings per share for the current year.
In other Workday news, CEO Gomez Luciano Fernandez sold 2,424 shares in a trade dated Thursday, March 3. The shares were sold at an average price of $245.07, for a total value of $594,049.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Aneel Bhusri sold 11,722 shares of the company in a transaction that took place on Monday, April 18. The stock was sold at an average price of $218.13, for a total transaction of $2,556,919.86. Following the sale, the CEO now owns 361,606 shares of the company, valued at approximately $78,877,116.78. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 256,453 shares of the company worth $60,374,855. 21.74% of the shares are held by insiders.
Hedge funds have recently changed their holdings in the company. Junto Capital Management LP increased its holding in Workday shares by 300.1% during the third quarter. Junto Capital Management LP now owns 355,591 shares of the software maker worth $88,859,000 after buying an additional 266,723 shares in the last quarter. Oppenheimer & Co. Inc. increased its Workday equity stake by 9.8% during the third quarter. Oppenheimer & Co. Inc. now owns 4,713 shares of the software maker worth $1,178,000 after buying 421 additional shares in the last quarter. DNB Asset Management AS increased its stake in Workday by 14.3% in Q4. DNB Asset Management AS now owns 32,191 shares of the software maker valued at $8,794,000 after buying an additional 4,025 shares last quarter. Renaissance Technologies LLC increased its stake in Workday by 75.4% in Q3. Renaissance Technologies LLC now owns 384,000 shares of the software maker valued at $95,958,000 after buying an additional 165,100 shares last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Workday by 12.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,152 shares of the software maker valued at $1,134,000 after buying 456 additional shares last quarter. Institutional investors hold 70.64% of the company’s shares.
About Workday (Get a rating)
Workday, Inc delivers enterprise cloud applications worldwide. Its applications help its customers plan, execute, analyze and extend to other applications and environments, and manage their business and operations. The company offers a suite of financial management applications, which allow CFOs to maintain accounting information in the general ledger; manage financial processes; identify financial, operational and management information in real time; strengthen financial consolidation; reduce closing time; promote internal control and auditability; and ensure consistency between financial operations.
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