Workday (NASDAQ:WDAY) had its price objective trimmed by Stifel Nicolaus from $210.00 to $180.00 in a report released on Wednesday, The Fly reports.
Several other research firms have also recently issued reports on WDAY. ValuEngine cut Workday from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Deutsche Bank lowered their price target on Workday from $200.00 to $185.00 and set a hold rating on the stock in a report on Wednesday. BMO Capital Markets lowered their price target on Workday from $230.00 to $225.00 and set a market perform rating on the stock in a report on Friday, August 30th. KeyCorp set a $235.00 price target on Workday and gave the company a buy rating in a report on Thursday, August 29th. Finally, Mizuho set a $225.00 price target on Workday and gave the company a buy rating in a report on Friday, August 30th. Five 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 company’s stock. The stock presently has an average rating of Hold and an average target price of $209.61.
WDAY stock traded down $2.51 during midday trading on Wednesday, hitting $157.95. The company’s stock had a trading volume of 109,786 shares, compared to its average volume of 1,829,888. The company has a market cap of $41.09 billion, a PE ratio of -129.42 and a beta of 1.53. Workday has a 12 month low of $117.72 and a 12 month high of $226.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $173.92 and its 200-day moving average is $195.77.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The business had revenue of $887.75 million during 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 business’s revenue was up 32.2% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Analysts expect that Workday will post -1.16 earnings per share for the current year.
In other Workday news, Director David A. Duffield sold 300,785 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.27, for a total value of $50,011,521.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $175.27, for a total value of $52,581,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,073,544 shares of company stock valued at $184,548,032 in the last quarter. 29.80% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. CWM Advisors LLC grew its position in shares of Workday by 11.0% during the second quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock valued at $751,000 after purchasing an additional 362 shares in the last quarter. Comerica Bank grew its position in shares of Workday by 12.1% during the second quarter. Comerica Bank now owns 5,530 shares of the software maker’s stock valued at $1,206,000 after purchasing an additional 595 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Workday by 652.0% in the 2nd quarter. Advisory Services Network LLC now owns 564 shares of the software maker’s stock valued at $116,000 after acquiring an additional 489 shares during the last quarter. Aviva PLC lifted its holdings in shares of Workday by 6.8% in the 2nd quarter. Aviva PLC now owns 58,600 shares of the software maker’s stock valued at $12,047,000 after acquiring an additional 3,715 shares during the last quarter. Finally, Northstar Investment Advisors LLC bought a new position in shares of Workday in the 2nd quarter valued at about $3,327,000. Hedge funds and other institutional investors own 66.61% of the company’s stock.
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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