Trade Report: Today: Needham & Company LLC Reiterates “Hold” Rating for Workday Inc. (WDAY)

Today: Needham & Company LLC Reiterates “Hold” Rating for Workday Inc. (WDAY)

Workday Inc. (NYSE:WDAY)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Monday.

A number of other research analysts have also commented on WDAY. Stephens initiated coverage on Workday in a research report on Thursday, August 4th. They issued an “equal weight” rating on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $78.00 price objective on shares of Workday in a research report on Saturday, August 13th. Cowen and Company reiterated a “hold” rating and issued a $75.00 price objective on shares of Workday in a research report on Friday, August 19th. BTIG Research reiterated a “buy” rating and issued a $92.00 price objective on shares of Workday in a research report on Monday, August 22nd. Finally, Vetr upgraded Workday from a “strong sell” rating to a “buy” rating and set a $87.56 price objective on the stock in a research report on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.72.

Workday (NYSE:WDAY) traded down 0.20% on Monday, reaching $83.47. The company had a trading volume of 874,772 shares. The firm has a 50 day moving average price of $85.38 and a 200-day moving average price of $82.24. Workday has a 12 month low of $47.32 and a 12 month high of $93.35. The stock’s market capitalization is $16.69 billion.

In related news, CEO Aneel Bhusri sold 10,317 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $86.35, for a total value of $890,872.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David A. Duffield sold 351,750 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $88.23, for a total value of $31,034,902.50. The disclosure for this sale can be found here. 41.78% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of WDAY. HM Payson & Co. bought a new stake in shares of Workday during the second quarter valued at about $679,000. Societe Generale bought a new stake in shares of Workday during the second quarter valued at about $159,000. Eaton Vance Management boosted its stake in shares of Workday by 49.4% in the second quarter. Eaton Vance Management now owns 85,645 shares of the company’s stock valued at $6,395,000 after buying an additional 28,321 shares during the period. British Columbia Investment Management Corp boosted its stake in shares of Workday by 52.0% in the second quarter. British Columbia Investment Management Corp now owns 68,663 shares of the company’s stock valued at $5,127,000 after buying an additional 23,480 shares during the period. Finally, Swiss National Bank increased its position in shares of Workday by 7.9% in the second quarter. Swiss National Bank now owns 314,000 shares of the company’s stock valued at $23,446,000 after buying an additional 23,000 shares in the last quarter. Institutional investors and hedge funds own 64.31% of the company’s stock.

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