Workday, Inc. (NASDAQ:WDAY – Get Free Report) has received a consensus rating of “Moderate Buy” from the thirty-six analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $179.80.
A number of equities research analysts have commented on the company. Summit Redstone set a $275.00 target price on Workday in a report on Wednesday, May 27th. Jefferies Financial Group boosted their price target on Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Workday in a research note on Friday, May 22nd. KeyCorp lifted their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Piper Sandler lifted their price target on shares of Workday from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd.
Check Out Our Latest Report on WDAY
Workday Trading Down 0.2%
Workday (NASDAQ:WDAY – Get Free Report) last released its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. As a group, sell-side analysts forecast that Workday will post 5.38 EPS for the current fiscal year.
Insider Transactions at Workday
In other news, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider directly owned 239,469 shares in the company, valued at $32,304,368.10. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gerrit S. Kazmaier sold 2,728 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total transaction of $391,795.36. Following the completion of the transaction, the insider owned 266,388 shares in the company, valued at $38,258,644.56. The trade was a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 875,020 shares of company stock worth $113,938,503 in the last three months. 18.64% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Workday
Several large investors have recently made changes to their positions in WDAY. Auto Owners Insurance Co grew its holdings in Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after buying an additional 10,190,516 shares in the last quarter. Vanguard Group Inc. increased its position in Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after acquiring an additional 3,210,232 shares during the period. Janus Henderson Group PLC raised its stake in Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after acquiring an additional 2,525,821 shares in the last quarter. Norges Bank acquired a new position in Workday during the 4th quarter worth $448,804,000. Finally, First Eagle Investment Management LLC boosted its position in Workday by 87.8% during the 4th quarter. First Eagle Investment Management LLC now owns 4,338,773 shares of the software maker’s stock worth $931,882,000 after acquiring an additional 2,028,085 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.
About Workday
Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.
The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.
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