Workday Inc (NYSE:WDAY)‘s stock had its “buy” rating reiterated by research analysts at Robert W. Baird in a report released on Thursday. They presently have a $114.00 price target on the software maker’s stock. Robert W. Baird’s target price indicates a potential upside of 5.06% from the company’s previous close.

A number of other equities analysts have also commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $115.00 price target on shares of Workday in a report on Friday, July 7th. Deutsche Bank AG reissued a “hold” rating and set a $105.00 price objective (up previously from $95.00) on shares of Workday in a research note on Thursday, August 31st. BMO Capital Markets reissued a “market perform” rating and set a $117.00 price objective (up previously from $110.00) on shares of Workday in a research note on Friday, September 1st. Drexel Hamilton reissued a “buy” rating and set a $122.00 price objective on shares of Workday in a research note on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $114.00 price objective (up previously from $101.00) on shares of Workday in a research note on Thursday, August 31st. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $99.85.

Workday (NYSE WDAY) traded up 0.05% during mid-day trading on Thursday, hitting $108.56. The stock had a trading volume of 623,693 shares. The firm’s 50-day moving average is $105.78 and its 200 day moving average is $98.25. Workday has a 12 month low of $65.79 and a 12 month high of $111.45. The company’s market cap is $22.58 billion.

Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The firm had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts anticipate that Workday will post $0.83 EPS for the current fiscal year.

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In other Workday news, SVP James P. Shaughnessy sold 8,760 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $103.62, for a total transaction of $907,711.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip W. Wilmington sold 5,148 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $102.77, for a total transaction of $529,059.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,574,566 shares of company stock valued at $170,342,437. Company insiders own 37.71% of the company’s stock.

Large investors have recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Workday by 0.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after buying an additional 45 shares in the last quarter. Nordea Investment Management AB increased its stake in Workday by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after buying an additional 83 shares in the last quarter. Global X Management Co. LLC increased its stake in Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares in the last quarter. Gemmer Asset Management LLC increased its stake in Workday by 1.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock worth $861,000 after buying an additional 117 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Workday by 2.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 67.08% of the company’s stock.

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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