Workday (NASDAQ:WDAY) Price Target Raised to $210.00

Workday (NASDAQ:WDAY – Get Rating) had its price objective lifted by investment analysts at Loop Capital from $180.00 to $210.00 in a report issued on Friday, The Fly reports. Loop Capital’s price objective points to a potential downside of 2.55% from the stock’s previous close.

A number of other research analysts also recently weighed in on WDAY. Jefferies Financial Group upped their price objective on shares of Workday from $235.00 to $250.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Workday from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, February 28th. Barclays boosted their target price on shares of Workday from $216.00 to $243.00 in a research note on Friday. Robert W. Baird boosted their target price on shares of Workday from $220.00 to $245.00 in a research note on Friday. Finally, StockNews.com initiated coverage on shares of Workday in a research note on Thursday, May 18th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.18.

Workday Trading Up 9.7 %

NASDAQ WDAY opened at $215.50 on Friday. The company has a market capitalization of $55.81 billion, a PE ratio of -136.40, a P/E/G ratio of 17.02 and a beta of 1.28. The company has a fifty day moving average of $186.71 and a 200 day moving average of $188.11. Workday has a 1 year low of $128.72 and a 1 year high of $215.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.75 and a quick ratio of 1.75.

Workday (NASDAQ:WDAY – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The software maker reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.19. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Workday had a negative net margin of 5.90% and a negative return on equity of 1.96%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. Research analysts forecast that Workday will post 0.45 earnings per share for the current year.

Insider Transactions at Workday

In related news, COO James Bozzini sold 10,574 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.36, for a total value of $2,076,310.64. Following the sale, the chief operating officer now owns 92,654 shares of the company’s stock, valued at approximately $18,193,539.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Sayan Chakraborty sold 8,836 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.37, for a total transaction of $1,735,125.32. Following the completion of the transaction, the insider now owns 85,765 shares in the company, valued at approximately $16,841,673.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO James Bozzini sold 10,574 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.36, for a total transaction of $2,076,310.64. Following the transaction, the chief operating officer now owns 92,654 shares of the company’s stock, valued at approximately $18,193,539.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,469 shares of company stock worth $8,469,440. 21.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WDAY. Atticus Wealth Management LLC acquired a new position in shares of Workday in the first quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Workday in the first quarter valued at approximately $25,000. Elequin Securities LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $27,000. Guardian Wealth Advisors LLC bought a new position in shares of Workday in the third quarter valued at approximately $29,000. Finally, West Oak Capital LLC bought a new position in Workday during the first quarter worth $29,000. 66.98% of the stock is currently owned by institutional investors and hedge funds.

About Workday

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Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.