Workday (NASDAQ:WDAY – Get an Assessment) had its price target reduced by Canaccord Genuity Group from $325.00 to $200.00 in a research report sent to investors on Friday, reports The Fly. They currently have a buy rating on the software maker’s stock.
Other analysts have also recently released reports on the stock. BMO Capital Markets lowered its price target on Workday shares from $295.00 to $249.00 in a Tuesday, May 17 report. Credit Suisse Group lowered its price target on Workday shares from $300.00 to $230.00 and set a neutral rating on the stock in a report on Friday. DA Davidson lowered its price target on Workday shares from $300.00 to $250.00 and set a buy rating on the stock in a Friday May 20 report. Deutsche Bank Aktiengesellschaft lowered its price target on Workday shares from $340.00 to $225.00 in a report on Friday. Finally, Bank of America raised its price target on Workday shares from $300.00 to $320.00 and gave the company a buy rating in a Tuesday, March 1 research note. Four equity research analysts gave the stock a hold rating and twenty-six gave the stock a buy rating. Based on data from MarketBeat.com, the stock has an average buy rating and a consensus target price of $255.58.
NASDAQ:WDAY opened at $158.79 on Friday. The company’s 50-day moving average is $207.80 and its two-hundred-day moving average is $238.43. The company has a market capitalization of $39.70 billion, a PE ratio of 1,587.90 and a beta of 1.39. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt ratio of 0.14. Workday has a 12-month low of $149.05 and a 12-month high of $307.81.
Workday (NASDAQ:WDAY – Get Rating) last released its quarterly earnings data on Thursday, May 26. The software maker reported EPS of $0.83 for the quarter, missing the consensus estimate of $0.86 per ($0.03). The company posted revenue of $1.43 billion in the quarter, versus $1.43 billion expected by analysts. Workday achieved a net margin of 0.57% and a return on equity of 2.63%. The company’s revenue increased 22.1% year over year. During the same period last year, the company made ($0.01) earnings per share. As a group, analysts expect Workday to post -0.45 EPS for the current fiscal year.
Separately, insider Richard Harry Sauer sold 5,022 shares of the company in a trade dated Monday, April 18. The shares were sold at an average price of $218.13, for a total value of $1,095,448.86. Following the completion of the sale, the insider now owns 64,623 shares of the company, valued at $14,096,214.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Gomez CEO Luciano Fernandez sold 2,424 shares of the company in a trade dated Thursday, March 3. The shares were sold at an average price of $245.07, for a total transaction of $594,049.68. The disclosure of this sale can be found here. Insiders sold 256,453 shares of the company valued at $60,374,855 during the last quarter. Insiders of the company hold 21.74% of the shares of the company.
Several institutional investors and hedge funds have recently changed their positions in the stock. Walleye Capital LLC increased its shareholding in Workday by 46.1% in the first quarter. Walleye Capital LLC now owns 20,356 shares of the software maker valued at $4,874,000 after purchasing an additional 6,424 shares during the period. EP Wealth Advisors LLC purchased a new equity stake in Workday in the first quarter worth approximately $302,000. Toroso Investments LLC increased its Workday equity stake by 7.8% in the first quarter. Toroso Investments LLC now owns 2,989 shares of the software maker valued at $716,000 after purchasing an additional 216 shares during the period. Capital International Sarl increased its Workday equity stake by 16.3% in the first quarter. Capital International Sarl now owns 3,710 shares of the software maker valued at $888,000 after purchasing an additional 520 shares during the period. Finally, Capital International Ltd. CA increased its Workday equity stake by 41.2% in the first quarter. Capital International Ltd. CA now owns 9,949 shares of the software maker valued at $2,382,000 after purchasing an additional 2,901 shares during the period. 70.64% of the shares are held by hedge funds and other institutional investors.
Workday Company Profile (Get a rating)
Workday, Inc delivers enterprise cloud applications worldwide. Its applications help its customers plan, execute, analyze and extend to other applications and environments, and manage their business and operations. The company offers a suite of financial management applications, which allow CFOs to maintain accounting information in the general ledger; manage financial processes; identify financial, operational and management information in real time; strengthen financial consolidation; reduce closing time; promote internal control and auditability; and ensuring consistency between financial operations.
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