Workday, Inc. (NASDAQ:WDAY) Receives $289.46 Consensus Price Target from Analysts

Workday, Inc. (NASDAQ:WDAY) has earned a consensus rating of “Moderate Buy” from the twenty-eight analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $289.46.

A number of research firms recently issued reports on WDAY. Piper Sandler reissued an “overweight” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Citigroup reduced their price objective on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. KeyCorp lifted their price objective on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Loop Capital boosted their price target on Workday from $255.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus boosted their price target on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd.

Insider Activity at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now owns 97,500 shares in the company, valued at approximately $25,381,200. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 over the last three months. Company insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

A number of large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings in Workday by 42.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock worth $3,649,000 after buying an additional 3,965 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Workday by 13.4% during the 1st quarter. Bessemer Group Inc. now owns 2,396 shares of the software maker’s stock worth $654,000 after buying an additional 283 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Workday during the 1st quarter worth $214,000. MQS Management LLC acquired a new position in Workday during the 1st quarter worth $379,000. Finally, Crewe Advisors LLC acquired a new position in Workday during the 1st quarter worth $27,000. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $267.75 on Wednesday. Workday has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 46.65, a P/E/G ratio of 5.16 and a beta of 1.35. The stock’s fifty day simple moving average is $247.71 and its 200-day simple moving average is $237.07.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. On average, sell-side analysts predict that Workday will post 2.4 earnings per share 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.