Workday Now Covered by Janney Montgomery Scott (WDAY)
Analysts at Janney Montgomery Scott started coverage on shares of Workday (NASDAQ:WDAY) in a research report issued to clients and investors on Monday, American Banking and Market News reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Workday in a research note to investors on Friday, September 20th. They now have a $70.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Workday from $75.00 to $85.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Workday from $85.00 to $92.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.11.
Shares of Workday (NASDAQ:WDAY) traded up 1.35% during mid-day trading on Monday, hitting $81.18. The stock had a trading volume of 926,857 shares. Workday has a 1-year low of $46.00 and a 1-year high of $84.42. The stock’s 50-day moving average is $79.29 and its 200-day moving average is $69.17. The company’s market cap is $14.125 billion.
Workday (NASDAQ:WDAY) last released its earnings data on Tuesday, August 27th. The company reported ($0.13) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.18) by $0.05. The company had revenue of $107.60 million for the quarter, compared to the consensus estimate of $100.50 million. During the same quarter last year, the company posted ($0.71) earnings per share. Workday’s revenue was up 71.6% compared to the same quarter last year.
In other Workday news, COO Michael Stankey unloaded 13,344 shares of Workday stock on the open market in a transaction dated Friday, October 11th. The stock was sold at an average price of $80.11, for a total value of $1,068,987.84. Following the sale, the chief operating officer now directly owns 105,955 shares of the company’s stock, valued at approximately $8,488,055. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Workday, Inc is a provider of enterprise cloud-based applications for human capital management (NASDAQ:WDAY), payroll, financial management, time tracking, procurement and employee expense management.
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