Goldman Sachs Group upgraded shares of Workday (NASDAQ:WDAY) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The brokerage currently has $223.00 target price on the software maker’s stock.
WDAY has been the topic of a number of other research reports. Monness Crespi & Hardt set a $262.00 target price on Workday and gave the company a buy rating in a research note on Friday, August 30th. Royal Bank of Canada set a $225.00 target price on Workday and gave the company a buy rating in a research note on Monday, August 26th. BidaskClub cut Workday from a sell rating to a strong sell rating in a research note on Saturday, September 7th. Compass Point began coverage on Workday in a research note on Tuesday, August 13th. They set a buy rating and a $238.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Workday from $195.00 to $210.00 and gave the company a hold rating in a research note on Friday, August 30th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the stock. Workday presently has a consensus rating of Hold and a consensus price target of $212.42.
Shares of WDAY traded up $6.12 during mid-day trading on Friday, reaching $180.44. 2,545,215 shares of the company’s stock traded hands, compared to its average volume of 1,875,207. The stock has a market cap of $39.51 billion, a P/E ratio of -147.90 and a beta of 1.53. The stock’s 50-day moving average is $175.47 and its two-hundred day moving average is $196.12. Workday has a 12 month low of $117.72 and a 12 month high of $226.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.
Workday (NASDAQ:WDAY) last released its earnings results 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 net margin of 15.25% and a negative return on equity of 15.05%. The company’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Research analysts predict that Workday will post -1.16 earnings per share for the current year.
In other Workday news, CFO Robynne Sisco sold 10,235 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $218.42, for a total transaction of $2,235,528.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aneel Bhusri sold 6,576 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $219.15, for a total value of $1,441,130.40. The disclosure for this sale can be found here. Insiders sold 1,104,346 shares of company stock valued at $191,289,910 in the last quarter. 29.80% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Banco de Sabadell S.A purchased a new stake in Workday during the second quarter worth $31,000. Advisory Alpha LLC purchased a new stake in Workday during the first quarter worth $30,000. Carroll Financial Associates Inc. lifted its holdings in Workday by 47.4% during the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after buying an additional 54 shares during the period. Motco purchased a new stake in Workday during the second quarter worth $39,000. Finally, Advantage Investment Management LLC lifted its holdings in Workday by 89.0% during the second quarter. Advantage Investment Management LLC now owns 189 shares of the software maker’s stock worth $39,000 after buying an additional 89 shares during the period. Institutional investors own 66.62% of the company’s stock.
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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