Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Workday, Inc. (NYSE:WDAY) in a report released on Monday morning. Oppenheimer Holdings, Inc. currently has a $117.00 target price on the software maker’s stock.
Other equities research analysts also recently issued research reports about the stock. JMP Securities reaffirmed an overweight rating and issued a $90.00 price objective on shares of Workday in a report on Thursday, June 1st. Mitsubishi UFJ Financial Group set a $106.00 price objective on shares of Workday and gave the stock a buy rating in a report on Saturday, June 3rd. Wunderlich reaffirmed a hold rating and issued a $96.00 price objective (up previously from $86.00) on shares of Workday in a report on Saturday, June 3rd. Morgan Stanley reaffirmed an equal weight rating and issued a $100.00 price objective (up previously from $91.00) on shares of Workday in a report on Saturday, June 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Workday from $105.00 to $106.00 and gave the stock an outperform rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Workday presently has a consensus rating of Hold and a consensus price target of $98.79.
Shares of Workday (NYSE:WDAY) opened at 103.83 on Monday. The company has a 50 day moving average of $104.37 and a 200 day moving average of $95.86. Workday has a 52 week low of $65.79 and a 52 week high of $111.45. The firm’s market cap is $21.60 billion.
Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, equities research analysts anticipate that Workday will post $0.83 EPS for the current fiscal year.
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In related news, SVP James P. Shaughnessy sold 8,760 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $103.62, for a total value of $907,711.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Duffield sold 457,386 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $109.35, for a total value of $50,015,159.10. The disclosure for this sale can be found here. Insiders sold 1,314,749 shares of company stock worth $135,370,554 in the last 90 days. 37.71% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in WDAY. Capstone Asset Management Co. acquired a new position in Workday during the first quarter valued at approximately $234,000. Waldron LP grew its holdings in Workday by 167.1% during the first quarter. Waldron LP now owns 11,102 shares of the software maker’s stock valued at $896,000 after purchasing an additional 6,946 shares during the last quarter. ProShare Advisors LLC acquired a new position in Workday during the first quarter valued at approximately $241,000. Chicago Equity Partners LLC acquired a new position in Workday during the first quarter valued at approximately $212,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Workday by 151.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,170 shares of the software maker’s stock valued at $714,000 after purchasing an additional 4,924 shares during the last quarter. Institutional investors own 67.08% of the company’s stock.
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.
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