Workday (NASDAQ:WDAY) Price Target Lowered to $195.00 at BMO Capital Markets

Workday (NASDAQ:WDAYGet Rating) had its target price trimmed by BMO Capital Markets from $217.00 to $195.00 in a research note published on Monday, The Fly reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other research analysts have also weighed in on WDAY. Needham & Company LLC increased their target price on shares of Workday from $200.00 to $220.00 and gave the stock a buy rating in a research note on Friday, August 26th. TheStreet lowered shares of Workday from a c- rating to a d+ rating in a research note on Friday, August 26th. Morgan Stanley lowered their target price on shares of Workday from $310.00 to $282.00 and set an overweight rating for the company in a research note on Tuesday, August 16th. Credit Suisse Group lowered their target price on shares of Workday from $230.00 to $215.00 and set a neutral rating for the company in a research note on Friday, August 26th. Finally, Guggenheim raised shares of Workday from a sell rating to a neutral rating in a research note on Monday, November 7th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $221.48.

Workday Trading Up 2.1 %

Shares of WDAY opened at $149.34 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. Workday has a 12-month low of $128.72 and a 12-month high of $285.58. The firm has a 50-day moving average price of $148.99 and a 200 day moving average price of $153.24. The firm has a market capitalization of $38.23 billion, a P/E ratio of -191.46 and a beta of 1.29.

Workday (NASDAQ:WDAYGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Workday will post -0.61 EPS for the current year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 102,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the sale, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Workday news, major shareholder David A. Duffield sold 102,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the sale, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas A. Robinson sold 221 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $158.32, for a total transaction of $34,988.72. Following the sale, the insider now directly owns 134,673 shares in the company, valued at approximately $21,321,429.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,974 shares of company stock valued at $18,758,209. 21.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH increased its holdings in shares of Workday by 1.0% in the 1st quarter. Siemens Fonds Invest GmbH now owns 5,807 shares of the software maker’s stock valued at $1,391,000 after acquiring an additional 60 shares during the period. MGO One Seven LLC increased its holdings in shares of Workday by 3.9% in the 2nd quarter. MGO One Seven LLC now owns 1,756 shares of the software maker’s stock valued at $245,000 after acquiring an additional 66 shares during the period. First National Trust Co increased its holdings in shares of Workday by 7.0% in the 1st quarter. First National Trust Co now owns 1,137 shares of the software maker’s stock valued at $272,000 after acquiring an additional 74 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Workday by 2.7% in the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after acquiring an additional 74 shares during the period. Finally, AFT Forsyth & Company Inc. increased its holdings in shares of Workday by 2.7% in the 3rd quarter. AFT Forsyth & Company Inc. now owns 2,880 shares of the software maker’s stock valued at $438,000 after acquiring an additional 75 shares during the period. 68.16% of the stock is owned by institutional investors and hedge funds.

Workday Company Profile

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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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