Workday Inc (NASDAQ:WDAY) has received an average rating of “Hold” from the thirty-five analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $206.32.
Several equities research analysts have recently weighed in on WDAY shares. Stifel Nicolaus increased their target price on shares of Workday from $175.00 to $195.00 and gave the company a “hold” rating in a research note on Wednesday, May 29th. Needham & Company LLC increased their target price on shares of Cara Therapeutics from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Canaccord Genuity reduced their target price on shares of Trican Well Service from C$1.70 to C$1.55 in a research note on Wednesday, May 29th. Mitsubishi UFJ Financial Group increased their target price on shares of Workday from $215.00 to $244.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Finally, KeyCorp reissued a “buy” rating and issued a $235.00 target price on shares of Workday in a research note on Wednesday, May 22nd.
In related news, CEO Aneel Bhusri sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $193.14, for a total value of $57,942,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James P. Shaughnessy sold 1,327 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $219.01, for a total transaction of $290,626.27. The disclosure for this sale can be found here. Insiders sold a total of 757,346 shares of company stock worth $154,821,963 in the last ninety days. 29.80% of the stock is currently owned by insiders.
WDAY stock traded down $3.64 during trading on Friday, hitting $214.24. 932,139 shares of the company’s stock traded hands, compared to its average volume of 1,476,243. Workday has a 52 week low of $117.72 and a 52 week high of $226.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $211.46. The firm has a market capitalization of $49.24 billion, a PE ratio of -175.61 and a beta of 1.56.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, May 28th. The software maker reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). Workday had a negative net margin of 15.19% and a negative return on equity of 14.92%. The business had revenue of $825.10 million for the quarter, compared to the consensus estimate of $814.21 million. During the same quarter last year, the business earned $0.33 EPS. Workday’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, analysts expect that Workday will post -1.06 earnings per share for the current year.
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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