Workday, Inc. (NYSE:WDAY)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $110.00 price target on the software maker’s stock. BMO Capital Markets’ target price would suggest a potential upside of 3.58% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Vetr upgraded shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective for the company in a research report on Monday, May 1st. Credit Suisse Group started coverage on shares of Workday in a research report on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price objective for the company. Benchmark Co. started coverage on shares of Workday in a research report on Thursday, April 27th. They issued a “hold” rating for the company. Canaccord Genuity restated a “buy” rating and issued a $115.00 price objective on shares of Workday in a research report on Friday, July 7th. Finally, JMP Securities reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Workday in a research note on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Workday has a consensus rating of “Hold” and an average price target of $92.77.

Shares of Workday (NYSE WDAY) traded down 1.15% during mid-day trading on Thursday, hitting $104.98. The stock had a trading volume of 326,272 shares. The stock’s 50-day moving average price is $101.02 and its 200-day moving average price is $92.45. Workday has a 12-month low of $65.79 and a 12-month high of $106.75. The stock’s market capitalization is $21.73 billion.

Workday (NYSE:WDAY) last released its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The business had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 38.0% on a year-over-year basis. On average, equities analysts anticipate that Workday will post $0.65 EPS for the current fiscal year.

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In other news, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $102.87, for a total transaction of $7,715,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 8,760 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $103.62, for a total transaction of $907,711.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,252,638 shares of company stock worth $124,884,087. Insiders own 37.71% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Winfield Associates Inc. boosted its position in shares of Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after buying an additional 600 shares in the last quarter. First Personal Financial Services boosted its position in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after buying an additional 185 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after buying an additional 236 shares in the last quarter.

Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Analyst Recommendations for Workday (NYSE:WDAY)

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