Workday, Inc. (WDAY) PT Raised to $115.00 at J P Morgan Chase & Co

Workday, Inc. (NYSE:WDAY) had its price objective upped by J P Morgan Chase & Co to $115.00 in a research report released on Thursday, July 13th, The Fly reports. J P Morgan Chase & Co currently has an overweight rating on the software maker’s stock.

Other research analysts have also recently issued reports about the company. Vetr upgraded Workday from a hold rating to a buy rating and set a $93.50 price objective on the stock in a report on Monday, May 1st. Royal Bank Of Canada reiterated a buy rating and issued a $96.00 price objective on shares of Workday in a report on Friday, March 24th. Bank of America Corporation started coverage on Workday in a report on Monday, March 20th. They issued a buy rating and a $96.00 price objective on the stock. Drexel Hamilton reiterated a buy rating and issued a $114.00 price objective on shares of Workday in a report on Wednesday, May 31st. Finally, Canaccord Genuity reiterated a buy rating and issued a $115.00 price objective on shares of Workday in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Workday currently has an average rating of Hold and an average price target of $92.37.

Shares of Workday (WDAY) opened at 101.11 on Thursday. The stock has a 50 day moving average price of $100.89 and a 200 day moving average price of $91.32. Workday has a 1-year low of $65.79 and a 1-year high of $106.75. The company’s market capitalization is $20.93 billion.

Workday (NYSE:WDAY) last posted its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The business had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. During the same period in the prior year, the business earned $0.05 earnings per share. The business’s revenue was up 38.0% compared to the same quarter last year. On average, equities analysts anticipate that Workday will post $0.65 EPS for the current fiscal year.

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In other news, SVP James P. Shaughnessy sold 8,760 shares of Workday stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $103.62, for a total transaction of $907,711.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robynne Sisco sold 1,043 shares of Workday stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $102.91, for a total transaction of $107,335.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,284,581 shares of company stock valued at $127,908,387. 37.71% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Winfield Associates Inc. increased its stake in Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after buying an additional 600 shares during the last quarter. First Personal Financial Services increased its stake in Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after buying an additional 185 shares during the last quarter. Global X Management Co. LLC increased its stake in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares during the last quarter. IFP Advisors Inc increased its stake in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after buying an additional 176 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares during the last quarter.

Workday Company Profile

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.

The Fly

Analyst Recommendations for Workday (NYSE:WDAY)

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