Today, Workday Inc. (WDAY) PT Set at $107.00 by DA Davidson

Today, Workday Inc. (WDAY) PT Set at $107.00 by DA Davidson

Workday Inc. (NYSE:WDAY) has been given a $107.00 target price by research analysts at DA Davidson in a research report issued on Friday. The firm presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 27.93% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Workday in a research report on Tuesday, August 30th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $78.00 price objective on shares of Workday in a report on Saturday, August 13th. Brean Capital reissued a “sell” rating and set a $62.00 price objective on shares of Workday in a report on Tuesday, November 22nd. Wedbush raised Workday from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $69.00 to $82.00 in a report on Wednesday, September 28th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $100.00 price objective (up previously from $90.00) on shares of Workday in a report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Workday presently has a consensus rating of “Hold” and an average price target of $85.72.

Shares of Workday (NYSE:WDAY) opened at 83.18 on Friday. Workday has a 52 week low of $47.32 and a 52 week high of $93.35. The stock’s 50 day moving average price is $85.16 and its 200-day moving average price is $82.48. The firm’s market capitalization is $16.64 billion.

In other Workday news, SVP James P. Shaughnessy sold 1,836 shares of Workday stock in a transaction on Monday, October 17th. The stock was sold at an average price of $86.34, for a total value of $158,520.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Bozzini sold 4,587 shares of Workday stock in a transaction on Monday, October 17th. The stock was sold at an average price of $86.35, for a total value of $396,087.45. The disclosure for this sale can be found here. 41.78% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in Workday by 1.4% in the third quarter. Prudential Financial Inc. now owns 3,510 shares of the company’s stock worth $322,000 after buying an additional 50 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock valued at $190,000 after buying an additional 78 shares during the last quarter. US Bancorp DE raised its stake in shares of Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock valued at $2,026,000 after buying an additional 123 shares during the last quarter. American International Group Inc. raised its stake in shares of Workday by 3.7% in the second quarter. American International Group Inc. now owns 3,466 shares of the company’s stock valued at $259,000 after buying an additional 125 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the company’s stock valued at $109,000 after buying an additional 155 shares during the last quarter. 64.31% of the stock is owned by institutional investors and hedge funds.

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