Workday, Inc. (NASDAQ:WDAY) Receives Average Recommendation of “Moderate Buy” from Analysts

Workday, Inc. (NASDAQ:WDAY) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $291.36.

WDAY has been the subject of a number of research reports. Citigroup dropped their price objective on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Bank of America cut their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Mizuho increased their price objective on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley lifted their target price on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 70,003 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $251.20, for a total value of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the sale, the insider now directly owns 85,795 shares of the company’s stock, valued at $20,228,745.10. This represents a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 361,463 shares of company stock valued at $90,002,128 over the last ninety days. 20.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WDAY. Capital Performance Advisors LLP purchased a new stake in Workday in the 3rd quarter valued at $26,000. SouthState Corp grew its stake in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after acquiring an additional 129 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of Workday by 56.6% in the second quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of Workday during the second quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its holdings in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $273.04 on Friday. The firm’s fifty day moving average price is $257.01 and its two-hundred day moving average price is $241.09. The stock has a market cap of $72.63 billion, a PE ratio of 45.28, a PEG ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities analysts expect that Workday will post 2.58 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.