Workday (NASDAQ:WDAY) PT Raised to $245.00

Workday (NASDAQ:WDAY) had its price objective lifted by investment analysts at UBS Group from $230.00 to $245.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. UBS Group’s price target indicates a potential upside of 5.76% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. KeyCorp upped their price objective on shares of Workday from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Citigroup lowered their target price on shares of Workday from $247.00 to $236.00 and set a “neutral” rating for the company in a research note on Thursday, September 28th. TD Cowen increased their target price on shares of Workday from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, August 25th. DA Davidson raised their price objective on shares of Workday from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $255.00 target price on shares of Workday in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Workday Stock Down 0.1 %

NASDAQ:WDAY opened at $231.66 on Thursday. The company has a market cap of $60.69 billion, a PE ratio of -482.63, a P/E/G ratio of 7.65 and a beta of 1.25. Workday has a twelve month low of $141.22 and a twelve month high of $252.72. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $222.45 and its two-hundred day moving average is $221.62.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 24th. The software maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.26 by $0.17. Workday had a negative net margin of 1.81% and a positive return on equity of 2.09%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned ($0.16) EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts anticipate that Workday will post 1.13 EPS for the current year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 108,333 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $250.58, for a total value of $27,146,083.14. Following the completion of the sale, the insider now directly owns 108,333 shares in the company, valued at $27,146,083.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder David A. Duffield sold 108,333 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $250.58, for a total transaction of $27,146,083.14. Following the completion of the transaction, the insider now directly owns 108,333 shares in the company, valued at $27,146,083.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $251.00, for a total value of $1,255,000.00. Following the transaction, the director now directly owns 115,000 shares of the company’s stock, valued at $28,865,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,714 shares of company stock worth $32,193,350. 21.09% of the stock is owned by insiders.

Institutional Trading of Workday

A number of hedge funds have recently made changes to their positions in WDAY. SkyView Investment Advisors LLC bought a new position in shares of Workday during the second quarter worth approximately $66,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Workday during the first quarter worth approximately $25,000. Quarry LP bought a new position in shares of Workday during the second quarter worth approximately $29,000. Clear Street Markets LLC bought a new position in shares of Workday during the third quarter worth approximately $29,000. Finally, Nemes Rush Group LLC bought a new position in shares of Workday during the second quarter worth approximately $34,000. 68.46% of the stock is owned by institutional investors and hedge funds.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. 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, such as payables and receivables; 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.