Workday (NASDAQ:WDAY) had its target price decreased by investment analysts at Royal Bank of Canada from $225.00 to $212.00 in a research report issued on Wednesday, October 16th, The Fly reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s target price indicates a potential upside of 30.53% from the stock’s previous close.
WDAY has been the subject of a number of other research reports. Wells Fargo & Co set a $210.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho set a $225.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. BidaskClub cut shares of Workday from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. Stifel Nicolaus raised their price objective on shares of Workday from $195.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, KeyCorp set a $235.00 price objective on shares of Workday and gave the company a “buy” rating in a research report on Thursday, August 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $211.36.
WDAY stock traded up $1.98 during trading on Wednesday, reaching $162.42. The stock had a trading volume of 1,413,700 shares, compared to its average volume of 1,869,788. The firm has a fifty day moving average price of $166.83 and a 200 day moving average price of $192.11. The company has a market capitalization of $36.79 billion, a P/E ratio of -133.13 and a beta of 1.49. Workday has a 1-year low of $117.72 and a 1-year high of $226.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.05). The business had revenue of $887.75 million for the quarter, compared to the consensus estimate of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. Workday’s revenue was up 32.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Sell-side analysts predict that Workday will post -1.17 EPS for the current year.
In related news, Director David A. Duffield sold 300,785 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.27, for a total transaction of $50,011,521.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Petros Dermetzis sold 3,556 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $175.09, for a total transaction of $622,620.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,099,707 shares of company stock worth $189,341,183. 29.80% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in WDAY. Banco de Sabadell S.A acquired a new position in shares of Workday in the second quarter valued at $31,000. San Francisco Sentry Investment Group CA increased its holdings in shares of Workday by 445.7% in the third quarter. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock valued at $33,000 after purchasing an additional 156 shares during the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Workday by 47.4% in the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock valued at $34,000 after purchasing an additional 54 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Workday in the third quarter valued at $34,000. Finally, Shine Investment Advisory Services Inc. increased its holdings in shares of Workday by 121.7% in the third quarter. Shine Investment Advisory Services Inc. now owns 204 shares of the software maker’s stock valued at $35,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 66.80% of the company’s stock.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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