Workday (NASDAQ:WDAY) Given New $250.00 Price Target at Stifel Nicolaus

Workday (NASDAQ:WDAY) had its price target decreased by Stifel Nicolaus from $290.00 to $250.00 in a research report sent to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the software maker’s stock.

Several other analysts have also commented on the company. Guggenheim reaffirmed a sell rating and set a $190.00 target price on shares of Workday in a report on Tuesday, February 27th. TheStreet upgraded shares of Workday from a c rating to a b- rating in a research note on Monday, February 26th. Barclays cut their price objective on shares of Workday from $326.00 to $316.00 and set an overweight rating for the company in a report on Tuesday, February 27th. DA Davidson reiterated a neutral rating and issued a $300.00 price objective on shares of Workday in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Workday from $270.00 to $310.00 and gave the company a buy rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of Moderate Buy and a consensus price target of $283.96.

Workday Stock Down 15.3 %

Shares of WDAY stock traded down $39.99 during trading hours on Friday, reaching $220.91. 15,622,846 shares of the company’s stock were exchanged, compared to its average volume of 2,392,779. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 39.80, a P/E/G ratio of 7.78 and a beta of 1.33. Workday has a fifty-two week low of $192.68 and a fifty-two week high of $311.28. The stock’s 50 day moving average is $259.94 and its 200-day moving average is $268.90.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. Workday had a return on equity of 6.02% and a net margin of 19.66%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Analysts predict that Workday will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $272.02, for a total value of $15,505,140.00. Following the completion of the sale, the insider now owns 1,067,000 shares in the company, valued at $290,245,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 over the last three months. Corporate insiders own 20.00% of the company’s stock.

Institutional Trading of Workday

Several institutional investors have recently made changes to their positions in the stock. Beacon Capital Management LLC raised its position in Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Workday in the 1st quarter valued at $27,000. Clear Street Markets LLC bought a new stake in Workday in the third quarter worth $29,000. Finally, Exchange Traded Concepts LLC increased its position in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.