Workday Inc (WDAY) Given Average Rating of “Buy” by Brokerages

Shares of Workday Inc (NASDAQ:WDAY) have been given an average rating of “Buy” by the thirty-four brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nineteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $185.69.

WDAY has been the subject of several analyst reports. KeyCorp upped their price objective on Workday from $179.00 to $216.00 and gave the stock an “overweight” rating in a research report on Monday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective (up from $170.00) on shares of Workday in a research report on Friday, March 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Workday in a research report on Friday, March 1st. Deutsche Bank upped their price objective on Workday from $155.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $220.00 price objective on shares of Workday in a research report on Wednesday, February 27th.

Shares of NASDAQ:WDAY traded down $8.03 on Thursday, hitting $185.47. 3,829,587 shares of the company’s stock were exchanged, compared to its average volume of 1,947,606. The stock has a market cap of $41.96 billion, a P/E ratio of -152.02 and a beta of 1.80. Workday has a 1-year low of $117.24 and a 1-year high of $200.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11.

In other Workday news, Director David A. Duffield sold 911 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $164.91, for a total transaction of $150,233.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robynne Sisco sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $195.29, for a total value of $7,811,600.00. The disclosure for this sale can be found here. Insiders sold a total of 1,164,350 shares of company stock valued at $205,489,579 over the last three months. Company insiders own 33.59% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WDAY. Captrust Financial Advisors raised its stake in Workday by 60.0% during the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Workday during the 4th quarter valued at approximately $26,000. North Star Investment Management Corp. raised its stake in Workday by 100.0% during the 4th quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. First Personal Financial Services raised its stake in Workday by 61.3% during the 4th quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new stake in Workday during the 4th quarter valued at approximately $45,000. 69.74% of the stock is owned by hedge funds and other institutional investors.

Workday Company Profile

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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Analyst Recommendations for Workday (NASDAQ:WDAY)

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