Mizuho began coverage on shares of Workday (NASDAQ:WDAY) in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $225.00 price objective on the software maker’s stock.
WDAY has been the topic of a number of other reports. Compass Point started coverage on Workday in a report on Tuesday, August 13th. They set a buy rating and a $238.00 price target on the stock. Deutsche Bank increased their price target on Workday from $190.00 to $200.00 and gave the stock a hold rating in a report on Wednesday, May 29th. Bank of America increased their price target on Workday from $234.00 to $260.00 and gave the stock a buy rating in a report on Wednesday, May 29th. Credit Suisse Group increased their price target on Workday from $185.00 to $215.00 and gave the stock a neutral rating in a report on Wednesday, May 29th. They noted that the move was a valuation call. Finally, Needham & Company LLC increased their price target on Workday to $250.00 and gave the stock a buy rating in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $208.88.
Shares of WDAY stock opened at $192.13 on Wednesday. The business’s 50 day simple moving average is $204.71 and its 200 day simple moving average is $199.55. Workday has a one year low of $117.72 and a one year high of $226.83. The stock has a market capitalization of $43.42 billion, a PE ratio of -157.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09.
Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, May 28th. The software maker reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). The company had revenue of $825.10 million during the quarter, compared to the consensus estimate of $814.21 million. Workday had a negative net margin of 15.19% and a negative return on equity of 14.92%. The business’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. As a group, research analysts expect that Workday will post -1.06 earnings per share for the current year.
In related news, Director David A. Duffield sold 233,914 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $213.79, for a total value of $50,008,474.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $193.14, for a total value of $57,942,000.00. The disclosure for this sale can be found here. Insiders have sold 756,292 shares of company stock worth $154,605,671 over the last ninety days. 29.80% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banco de Sabadell S.A purchased a new stake in Workday in the 2nd quarter valued at $31,000. Advisory Alpha LLC purchased a new stake in Workday in the 1st quarter valued at $30,000. Lindbrook Capital LLC raised its position in Workday by 149.2% in the 1st quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after buying an additional 91 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Workday in the 1st quarter valued at $31,000. Finally, Strategy Asset Managers LLC purchased a new stake in Workday in the 1st quarter valued at $31,000. 67.04% of the stock is owned by institutional investors and hedge funds.
Workday Company Profile
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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