News stories about Workday (NYSE:WDAY) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Workday earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.0732145685766 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Workday – Fortune (fortune.com)
- Workday, Inc. (WDAY) Director Sells $1,066,800.00 in Stock (americanbankingnews.com)
- Workday, Inc. (WDAY) Director Michael A. Stankey Sells 25,000 Shares (americanbankingnews.com)
- Pre-Market Most Active for Sep 13, 2017 : AGNC, WDAY, FOLD, MU, AAPL, TEVA, AZN, TVIX, SKM, BCRX, BAC, JWN – Nasdaq (nasdaq.com)
- Workday Prices $1.0 Billion Convertible Senior Notes Due 2022 (finance.yahoo.com)
Workday (NYSE WDAY) traded down 0.32% during trading on Friday, hitting $105.21. 1,394,668 shares of the stock traded hands. Workday has a 52-week low of $65.79 and a 52-week high of $111.45. The company’s 50 day moving average price is $104.09 and its 200-day moving average price is $95.26. The stock’s market cap is $21.88 billion.
Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business posted ($0.04) earnings per share. Equities research analysts forecast that Workday will post $0.82 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on WDAY shares. JMP Securities reissued an “overweight” rating and set a $90.00 price target on shares of Workday in a research report on Thursday, June 1st. Mitsubishi UFJ Financial Group set a $106.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Wunderlich reaffirmed a “hold” rating and issued a $96.00 target price (up previously from $86.00) on shares of Workday in a research report on Saturday, June 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 target price (up previously from $91.00) on shares of Workday in a research report on Saturday, June 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Workday from $105.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $98.79.
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In related news, CFO Robynne Sisco sold 1,470 shares of Workday stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $101.70, for a total transaction of $149,499.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $109.35, for a total transaction of $50,015,159.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,310,752 shares of company stock worth $134,888,238. Company insiders own 37.71% 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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