Workday, Inc. (NASDAQ:WDAY) Given Consensus Recommendation of “Buy” by Brokerages

Workday, Inc. (NASDAQ:WDAYGet Rating) has received an average rating of “Buy” from the thirty analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $308.25.

A number of research analysts have recently commented on the stock. Citigroup raised shares of Workday to a “buy” rating and set a $295.00 price objective for the company in a research report on Tuesday, February 1st. Bank of America increased their price target on shares of Workday from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. BNP Paribas cut shares of Workday from an “outperform” rating to a “neutral” rating and set a $230.00 price target on the stock. in a research note on Tuesday, March 29th. Mizuho increased their price target on shares of Workday from $280.00 to $300.00 in a research note on Tuesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Workday from $360.00 to $340.00 in a research note on Friday, January 21st.

Shares of NASDAQ WDAY traded up $8.14 during trading on Tuesday, hitting $184.35. The company had a trading volume of 101,669 shares, compared to its average volume of 2,353,108. The company has a market cap of $46.09 billion, a P/E ratio of 1,829.10 and a beta of 1.39. Workday has a 52 week low of $175.07 and a 52 week high of $307.81. The business’s 50-day moving average is $225.56 and its 200 day moving average is $249.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03.

Workday (NASDAQ:WDAYGet Rating) last announced its earnings results on Monday, February 28th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). Workday had a net margin of 0.57% and a return on equity of 2.63%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm earned ($0.13) earnings per share. Workday’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, research analysts expect that Workday will post -0.47 EPS for the current year.

In other news, CEO Gomez Luciano Fernandez sold 2,424 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $245.07, for a total value of $594,049.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Bozzini sold 10,330 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $218.13, for a total transaction of $2,253,282.90. Following the completion of the transaction, the chief operating officer now owns 134,977 shares of the company’s stock, valued at $29,442,533.01. The disclosure for this sale can be found here. Insiders sold a total of 256,453 shares of company stock valued at $60,374,855 over the last 90 days. Corporate insiders own 24.06% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WDAY. Financial Management Professionals Inc. bought a new stake in shares of Workday in the 4th quarter valued at $27,000. Arlington Partners LLC acquired a new position in Workday during the fourth quarter worth $28,000. Consolidated Planning Corp purchased a new stake in shares of Workday in the third quarter valued at about $27,000. Dark Forest Capital Management LP purchased a new stake in shares of Workday in the third quarter valued at about $28,000. Finally, Riverview Trust Co purchased a new stake in shares of Workday in the first quarter valued at about $27,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

About Workday (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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