Workday, Inc. (NASDAQ:WDAY) Given Consensus Rating of “Moderate Buy” by Analysts

Workday, Inc. (NASDAQ:WDAY) has been given a consensus rating of “Moderate Buy” by the thirty-five ratings firms that are presently covering the stock, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $205.1875.

A number of equities research analysts have recently issued reports on WDAY shares. Loop Capital set a $280.00 target price on Workday in a research report on Wednesday, December 10th. Evercore lowered Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target for the company. in a research report on Wednesday, February 25th. Rosenblatt Securities dropped their price target on Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Jefferies Financial Group lowered shares of Workday from a “buy” rating to a “hold” rating and reduced their price objective for the company from $325.00 to $150.00 in a research note on Monday, February 23rd. Finally, Robert W. Baird set a $195.00 target price on shares of Workday in a report on Tuesday, February 24th.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares of the company’s stock, valued at approximately $7,405,012.16. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total transaction of $237,300.00. Following the transaction, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 503,296 shares of company stock worth $91,729,216 in the last quarter. Corporate insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new stake in shares of Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday during the third quarter worth $26,000. JPL Wealth Management LLC purchased a new position in Workday in the third quarter valued at about $30,000. DT Investment Partners LLC acquired a new position in Workday in the 4th quarter worth about $27,000. Finally, Berbice Capital Management LLC raised its stake in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 1.9%

Workday stock opened at $148.14 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The firm has a market cap of $38.96 billion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. Workday has a 1 year low of $117.76 and a 1 year high of $276.00. The firm’s 50 day moving average price is $170.76 and its two-hundred day moving average price is $208.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, research analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.