Stifel Nicolaus Boosts Workday (NASDAQ:WDAY) Price Target to $205.00

Workday (NASDAQ:WDAY – Get Rating) had its price target hoisted by investment analysts at Stifel Nicolaus from $200.00 to $205.00 in a research report issued to clients and investors on Friday, The Fly reports. Stifel Nicolaus’ price objective would suggest a potential upside of 4.37% from the stock’s current price.

Several other brokerages have also recently commented on WDAY. Cowen boosted their price target on shares of Workday from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th. KeyCorp boosted their price target on shares of Workday from $195.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Cowen boosted their price target on shares of Workday from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Workday from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, February 28th. Finally, Canaccord Genuity Group boosted their price target on shares of Workday from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.64.

Workday Stock Up 0.1 %

WDAY stock opened at $196.41 on Friday. Workday has a twelve month low of $128.72 and a twelve month high of $206.68. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $50.87 billion, a P/E ratio of -136.40, a PEG ratio of 17.02 and a beta of 1.28. The firm has a 50 day simple moving average of $186.71 and a 200-day simple moving average of $188.11.

Workday (NASDAQ:WDAY – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The software maker reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.19. Workday had a negative net margin of 5.90% and a negative return on equity of 1.96%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned ($0.17) earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. On average, equities research analysts predict that Workday will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, CEO Aneel Bhusri sold 11,734 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $196.37, for a total value of $2,304,205.58. Following the completion of the sale, the chief executive officer now owns 403,988 shares of the company’s stock, valued at approximately $79,331,123.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Aneel Bhusri sold 11,734 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $196.37, for a total value of $2,304,205.58. Following the completion of the sale, the chief executive officer now owns 403,988 shares of the company’s stock, valued at approximately $79,331,123.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Douglas A. Robinson sold 266 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $191.44, for a total value of $50,923.04. Following the completion of the sale, the insider now directly owns 129,802 shares of the company’s stock, valued at approximately $24,849,294.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,469 shares of company stock valued at $8,469,440. 21.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. Norges Bank acquired a new stake in Workday in the 4th quarter worth approximately $600,504,000. JPMorgan Chase & Co. lifted its holdings in Workday by 59.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,951,816 shares of the software maker’s stock worth $1,229,289,000 after purchasing an additional 2,216,683 shares during the last quarter. Tiger Global Management LLC lifted its holdings in Workday by 134.6% in the 3rd quarter. Tiger Global Management LLC now owns 3,172,411 shares of the software maker’s stock worth $482,904,000 after purchasing an additional 1,820,074 shares during the last quarter. GQG Partners LLC bought a new stake in Workday in the first quarter valued at $310,767,000. Finally, Point72 Asset Management L.P. bought a new stake in Workday in the third quarter valued at $161,644,000. 66.98% of the stock is currently owned by institutional investors and hedge funds.

About Workday

(Get Rating)

Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.