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Deutsche Bank initiated coverage on shares of Workday (NASDAQ:WDAY) in a research note issued on Wednesday, reports. The firm set a “hold” rating on the stock.

Workday (NASDAQ:WDAY) traded down 0.89% on Wednesday, hitting $92.32. 565,998 shares of the company’s stock traded hands. Workday has a 52 week low of $50.19 and a 52 week high of $94.55. The stock’s 50-day moving average is $83.99 and its 200-day moving average is $77.45. The company’s market cap is $16.138 billion.

Workday (NASDAQ:WDAY) last released its earnings data on Monday, November 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $117.68 million. During the same quarter last year, the company posted ($0.39) earnings per share. Workday’s revenue was up 76.2% compared to the same quarter last year. Analysts expect that Workday will post $-0.56 EPS for the current fiscal year.

WDAY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Workday from $90.00 to $105.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG upgraded shares of Workday from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $100.00 price target on the stock, up previously from $87.00. Finally, analysts at Macquarie initiated coverage on shares of Workday in a research note to investors on Friday, December 6th. They set a “neutral” rating and a $85.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $82.81.

In other Workday news, Director George Still, Jr. sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the director now directly owns 4,402 shares in the company, valued at approximately $396,180. The sale was disclosed in a filing with the Securities & Exchange Commission, 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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