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

Workday (NASDAQ:WDAYGet Rating) had its target price reduced by BMO Capital Markets from $217.00 to $195.00 in a report published on Monday morning, The Fly reports.

Other equities analysts have also issued reports about the company. Barclays cut their price objective on Workday from $208.00 to $198.00 and set an overweight rating on the stock in a research note on Friday. Guggenheim raised Workday from a sell rating to a neutral rating in a research note on Monday, November 7th. Monness Crespi & Hardt lowered Workday from a buy rating to a neutral rating in a research note on Thursday, November 17th. TheStreet lowered Workday from a c- rating to a d+ rating in a research note on Friday, August 26th. Finally, OTR Global downgraded Workday to a mixed rating in a report on Tuesday, August 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $224.14.

Workday Stock Performance

Shares of WDAY stock opened at $143.20 on Monday. The business’s 50-day moving average price is $149.34 and its 200-day moving average price is $153.22. Workday has a 12 month low of $128.72 and a 12 month high of $286.71. The firm has a market capitalization of $36.66 billion, a price-to-earnings ratio of -183.59 and a beta of 1.29. 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 (NASDAQ:WDAYGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The software maker reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). Workday had a negative return on equity of 2.34% and a negative net margin of 3.46%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the firm posted $0.49 earnings per share. Equities research 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 business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $156.24, for a total value of $16,014,600.00. Following the transaction, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 102,500 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the transaction, the insider now owns 102,500 shares of the company’s stock, valued at approximately $16,014,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gomez Luciano Fernandez sold 2,046 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total value of $323,922.72. Following the transaction, the chief executive officer now directly owns 257,656 shares in the company, valued at approximately $40,792,097.92. 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. Insiders own 21.74% of the company’s stock.

Institutional Investors Weigh In On Workday

Several institutional investors and hedge funds have recently bought and sold shares of WDAY. Vetamer Capital Management L.P. raised its position in shares of Workday by 241.4% in the 1st quarter. Vetamer Capital Management L.P. now owns 33,852 shares of the software maker’s stock worth $8,106,000 after acquiring an additional 23,937 shares in the last quarter. US Bancorp DE increased its position in Workday by 3.2% during the 2nd quarter. US Bancorp DE now owns 18,599 shares of the software maker’s stock valued at $2,596,000 after buying an additional 572 shares in the last quarter. Synovus Financial Corp increased its position in Workday by 18.6% during the 2nd quarter. Synovus Financial Corp now owns 17,879 shares of the software maker’s stock valued at $2,497,000 after buying an additional 2,800 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in Workday by 11.5% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 4,707 shares of the software maker’s stock valued at $657,000 after buying an additional 487 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Workday by 33.2% during the 2nd quarter. Metis Global Partners LLC now owns 1,519 shares of the software maker’s stock valued at $212,000 after buying an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 68.16% of the company’s stock.

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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