Investment Analysts’ Weekly Ratings Updates for Workday (WDAY)

Several brokerages have updated their recommendations and price targets on shares of Workday (NASDAQ: WDAY) in the last few weeks:

  • 3/1/2019 – Workday had its price target raised by analysts at Citigroup Inc from $106.00 to $138.00. They now have a “sell” rating on the stock.
  • 3/1/2019 – Workday had its price target raised by analysts at KeyCorp from $216.00 to $235.00. They now have an “overweight” rating on the stock.
  • 3/1/2019 – Workday had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $215.00 price target on the stock.
  • 3/1/2019 – Workday had its price target raised by analysts at Robert W. Baird from $175.00 to $220.00. They now have an “outperform” rating on the stock.
  • 3/1/2019 – Workday had its price target raised by analysts at Wedbush from $156.00 to $209.00. They now have a “neutral” rating on the stock.
  • 3/1/2019 – Workday had its price target raised by analysts at Deutsche Bank AG from $155.00 to $190.00. They now have a “hold” rating on the stock.
  • 3/1/2019 – Workday had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $200.00 price target on the stock. They wrote, “We believe the company’s conservative guidance based on its total backlog should allow it to beat and raise estimates throughout the year. Remain MP with PT increasing to $200. Billings were $1,167M (+28% Y/Y) vs consensus of $1,123.3M. $788.6M/$0.41 both topping consensus $777M/$0.32. Subscription revenue of $673.5M (+37% Y/Y), was above streets estimate of $665M and grew 30% Y/Y to $674M. Four new Fortune 500 customers were added to Financials during the quarter. Services revenue of $115M, was also above $113M consensus.””
  • 3/1/2019 – Workday had its price target raised by analysts at Jefferies Financial Group Inc to $189.00. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/1/2019 – Workday had its price target raised by analysts at Barclays PLC from $180.00 to $187.00. They now have an “equal weight” rating on the stock.
  • 3/1/2019 – Workday had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $208.00 price target on the stock, up previously from $175.00.
  • 3/1/2019 – Workday had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $230.00 price target on the stock, up previously from $170.00.
  • 2/27/2019 – Workday had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $220.00 price target on the stock.
  • 2/26/2019 – Workday had its price target raised by analysts at Oppenheimer Holdings Inc. from $185.00 to $216.00. They now have an “outperform” rating on the stock.
  • 2/26/2019 – Workday had its “buy” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $220.00 price target on the stock, up previously from $185.00.
  • 2/22/2019 – Workday had its price target raised by analysts at BMO Capital Markets to $215.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/15/2019 – Workday was upgraded by analysts at Cowen Inc from a “market perform” rating to an “outperform” rating. They now have a $225.00 price target on the stock, up previously from $160.00.
  • 2/11/2019 – Workday had its price target raised by analysts at KeyCorp from $179.00 to $216.00. They now have an “overweight” rating on the stock.

NASDAQ:WDAY opened at $187.04 on Friday. The firm has a market capitalization of $40.96 billion, a price-to-earnings ratio of -153.31 and a beta of 1.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10. Workday Inc has a 52 week low of $117.24 and a 52 week high of $200.00.

In other Workday news, insider Petros Dermetzis sold 6,727 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $156.75, for a total value of $1,054,457.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James P. Shaughnessy sold 4,800 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $184.98, for a total transaction of $887,904.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 963,820 shares of company stock valued at $167,287,222. Insiders own 33.59% of the company’s stock.

Several large investors have recently bought and sold shares of WDAY. American Century Companies Inc. purchased a new stake in shares of Workday during the 4th quarter worth $132,247,000. Norges Bank purchased a new stake in shares of Workday during the 4th quarter worth $198,900,000. Dimensional Fund Advisors LP lifted its position in shares of Workday by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 123,024 shares of the software maker’s stock worth $19,646,000 after purchasing an additional 7,353 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Workday by 3.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 10,326 shares of the software maker’s stock worth $1,649,000 after purchasing an additional 326 shares during the last quarter. Finally, CWM Advisors LLC lifted its position in shares of Workday by 21.7% during the 4th quarter. CWM Advisors LLC now owns 3,169 shares of the software maker’s stock worth $506,000 after purchasing an additional 564 shares during the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

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