Workday Inc. (NYSE:WDAY)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research note issued on Friday. They currently have a $107.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 27.93% from the stock’s previous close.
Several other equities analysts also recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Workday in a report on Tuesday, August 30th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $78.00 price target on shares of Workday in a research note on Saturday, August 13th. Brean Capital reaffirmed a “sell” rating and set a $62.00 price target on shares of Workday in a research note on Tuesday. Wedbush raised shares of Workday from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $82.00 in a research note on Wednesday, September 28th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Workday in a research note on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.28.
Workday (NYSE:WDAY) traded up 0.61% during midday trading on Friday, hitting $83.64. 513,294 shares of the stock were exchanged. The stock’s market cap is $16.73 billion. Workday has a 12-month low of $47.32 and a 12-month high of $93.35. The firm has a 50 day moving average of $85.79 and a 200-day moving average of $82.15.
Workday (NYSE:WDAY) last posted 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 net margin of 25.71% and a negative return on equity of 26.89%. The business had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. During the same quarter last year, the business posted $0.02 earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. On average, equities analysts expect that Workday will post ($0.03) earnings per share for the current year.
In related news, Chairman David A. Duffield sold 400,000 shares of Workday stock in a transaction on Monday, August 29th. The shares were sold at an average price of $83.32, for a total value of $33,328,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robynne Sisco sold 1,325 shares of Workday stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $86.46, for a total transaction of $114,559.50. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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. Artisan Partners Limited Partnership raised its stake in shares of Workday by 3.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,152,979 shares of the company’s stock worth $384,773,000 after buying an additional 172,572 shares during the period. Matrix Capital Management Company LP bought a new stake in shares of Workday during the third quarter worth about $468,573,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Workday by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,906,494 shares of the company’s stock worth $266,496,000 after buying an additional 154,678 shares during the period. Finally, Criterion Capital Management LLC raised its stake in shares of Workday by 17.6% in the third quarter. Criterion Capital Management LLC now owns 2,133,635 shares of the company’s stock worth $195,633,000 after buying an additional 319,900 shares during the period. Institutional investors and hedge funds own 62.81% of the company’s stock.