Workday Inc. (NYSE:WDAY)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research note issued on Friday. They presently have a $107.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 27.93% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. increased their price target on Workday from $78.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 25th. Needham & Company LLC reissued a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. Wunderlich decreased their price target on Workday from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, August 25th. Cowen and Company reissued a “market perform” rating and issued a $83.00 price target (up previously from $75.00) on shares of Workday in a research note on Friday, August 26th. Finally, Wedbush reissued an “underperform” rating and issued a $63.00 price target (down previously from $69.00) on shares of Workday in a research note on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.28.
Shares of Workday (NYSE:WDAY) traded up 0.61% during trading on Friday, hitting $83.64. 513,294 shares of the stock traded hands. Workday has a 12 month low of $47.32 and a 12 month high of $93.35. The stock’s market cap is $16.73 billion. The firm’s 50-day moving average price is $85.79 and its 200-day moving average price is $82.15.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The company earned $377.70 million during the quarter, compared to analyst estimates of $372.68 million. During the same period in the prior year, the business earned $0.02 earnings per share. Workday’s quarterly revenue was up 33.6% on a year-over-year basis. Analysts anticipate that Workday will post ($0.03) EPS for the current year.
In other news, CFO Robynne Sisco sold 1,325 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $86.46, for a total transaction of $114,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman David A. Duffield sold 400,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $83.32, for a total value of $33,328,000.00. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
Several large investors have recently bought and sold shares of WDAY. Matrix Capital Management Company LP purchased a new stake in Workday during the third quarter worth $468,573,000. Vanguard Group Inc. increased its stake in Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock worth $617,509,000 after buying an additional 577,294 shares during the period. 1832 Asset Management L.P. increased its stake in Workday by 1,312.0% in the third quarter. 1832 Asset Management L.P. now owns 590,200 shares of the company’s stock worth $52,862,000 after buying an additional 548,400 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Workday during the third quarter worth $48,736,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Workday during the second quarter worth $39,136,000. 62.81% of the stock is owned by institutional investors.