Workday (NASDAQ:WDAY) Price Target Raised to $117.00

Workday (NASDAQ:WDAY) had its price target boosted by Barclays from $108.00 to $117.00 in a research note published on Friday, November 17th. The firm currently has an equal weight rating on the software maker’s stock.

A number of other equities research analysts have also issued reports on the stock. Cowen reissued a market perform rating and issued a $100.00 price objective (up previously from $93.00) on shares of Workday in a report on Thursday, August 31st. Wedbush reaffirmed a neutral rating and set a $104.00 target price on shares of Workday in a research note on Thursday, August 31st. Mitsubishi UFJ Financial Group reaffirmed a buy rating and set a $116.00 target price (up previously from $106.00) on shares of Workday in a research note on Thursday, August 31st. Jefferies Group reaffirmed a hold rating and set a $92.00 target price on shares of Workday in a research note on Tuesday, August 29th. Finally, KeyCorp reaffirmed a hold rating on shares of Workday in a research note on Thursday, August 31st. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $102.73.

Workday (NASDAQ:WDAY) opened at $100.52 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday has a 12-month low of $65.79 and a 12-month high of $116.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 20.71%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. research analysts expect that Workday will post -1.31 earnings per share for the current fiscal year.

In related news, COO James Bozzini sold 13,700 shares of Workday stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $99.99, for a total value of $1,369,863.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robynne Sisco sold 5,267 shares of Workday stock in a transaction on Monday, October 16th. The shares were sold at an average price of $107.36, for a total transaction of $565,465.12. The disclosure for this sale can be found here. Insiders sold a total of 1,456,940 shares of company stock worth $157,952,124 over the last ninety days. Corporate insiders own 37.71% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. IBM Retirement Fund purchased a new stake in shares of Workday during the 3rd quarter worth $204,000. Winfield Associates Inc. boosted its position in shares of Workday by 136.4% during the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after purchasing an additional 600 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Workday by 6,210.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock worth $100,701,000 after purchasing an additional 1,021,702 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Workday by 47.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock worth $55,650,000 after purchasing an additional 183,444 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Workday by 338.4% during the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock worth $6,218,000 after purchasing an additional 49,483 shares in the last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.

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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 (NASDAQ:WDAY)

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