Today: Today, Workday’s (WDAY) “Hold” Rating Reaffirm at Needham & Company LLC

Today, Workday’s (WDAY) “Hold” Rating Reaffirm at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Workday Inc. (NYSE:WDAY) in a report published on Monday morning.

Other equities analysts have also issued reports about the company. Goldman Sachs Group Inc. increased their price target on Workday from $78.00 to $87.00 and gave the company a neutral rating in a research note on Thursday, August 25th. 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 reaffirmed a market perform rating and set a $83.00 price target (up from $75.00) on shares of Workday in a research note on Friday, August 26th. Wedbush reaffirmed an underperform rating and set a $63.00 price target (down from $69.00) on shares of Workday in a research note on Thursday, August 25th. Finally, Stephens decreased their price target on Workday from $100.00 to $85.00 and set an equal weight rating for the company in a research note on Thursday, August 25th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Workday presently has a consensus rating of Hold and a consensus price target of $85.72.

Workday (NYSE:WDAY) opened at 83.18 on Monday. The firm’s market capitalization is $16.64 billion. The stock has a 50 day moving average price of $85.16 and a 200-day moving average price of $82.48. Workday has a 12-month low of $47.32 and a 12-month high of $93.35.

In other Workday news, Vice Chairman Michael A. Stankey sold 112,600 shares of Workday stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $88.30, for a total transaction of $9,942,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David A. Duffield sold 351,750 shares of Workday stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $88.23, for a total transaction of $31,034,902.50. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. Balentine LLC purchased a new position in Workday during the third quarter worth about $488,000. Verition Fund Management LLC boosted its position in Workday by 226.3% in the third quarter. Verition Fund Management LLC now owns 8,809 shares of the company’s stock worth $808,000 after buying an additional 6,109 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Workday during the third quarter worth about $734,000. Dai Ichi Life Holdings Inc. purchased a new position in Workday during the third quarter worth about $203,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Workday during the third quarter worth about $1,291,000. Institutional investors own 64.31% of the company’s stock.

Workday Company Profile

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