Analysts at Cleveland Research assumed coverage on shares of Workday (NASDAQ:WDAY) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the software maker’s stock.
Several other brokerages have also recently weighed in on WDAY. Bank of America increased their price target on Workday from $123.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 27th. BidaskClub raised Workday from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Workday in a research report on Tuesday, November 28th. Guggenheim reaffirmed a “hold” rating and issued a $106.00 price objective on shares of Workday in a research report on Thursday, January 11th. Finally, UBS Group reaffirmed a “sell” rating and issued a $95.00 price objective (down from $121.00) on shares of Workday in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $106.81.
Workday (NASDAQ WDAY) traded down $0.35 during trading hours on Wednesday, hitting $119.91. The stock had a trading volume of 601,561 shares, compared to its average volume of 1,547,870. The company has a market cap of $25,090.00, a P/E ratio of -83.18 and a beta of 1.83. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday has a 1 year low of $80.61 and a 1 year high of $121.98.
In other news, SVP James P. Shaughnessy sold 6,409 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $103.47, for a total value of $663,139.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $100.34, for a total value of $7,525,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,197,306 shares of company stock valued at $126,753,397. Company insiders own 37.71% of the company’s stock.
Several large investors have recently bought and sold shares of WDAY. Janus Henderson Group PLC increased its holdings in Workday by 6,210.6% during the second quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after buying an additional 1,021,702 shares during the period. First Trust Advisors LP increased its stake in Workday by 286.1% during the 3rd quarter. First Trust Advisors LP now owns 247,497 shares of the software maker’s stock worth $26,084,000 after buying an additional 183,391 shares during the period. Cubist Systematic Strategies LLC increased its stake in Workday by 418.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after buying an additional 99,144 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Workday by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 488,406 shares of the software maker’s stock worth $51,473,000 after buying an additional 75,058 shares during the period. Finally, Westpac Banking Corp increased its position in shares of Workday by 108.0% in the 4th quarter. Westpac Banking Corp now owns 137,277 shares of the software maker’s stock valued at $13,967,000 after purchasing an additional 71,266 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.
About Workday
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.
