Workday (NASDAQ:WDAY) Downgraded by Loop Capital to Hold

Loop Capital lowered shares of Workday (NASDAQ:WDAYGet Rating) from a buy rating to a hold rating in a report issued on Monday morning, Marketbeat.com reports. They currently have $150.00 target price on the software maker’s stock, down from their prior target price of $225.00.

Other research analysts have also issued reports about the stock. Barclays cut their target price on shares of Workday from $208.00 to $198.00 and set an overweight rating for the company in a research report on Friday, November 18th. TheStreet lowered shares of Workday from a c- rating to a d+ rating in a research report on Friday, August 26th. OTR Global lowered shares of Workday to a mixed rating in a research report on Tuesday, August 23rd. Wolfe Research upped their price target on shares of Workday from $210.00 to $240.00 and gave the company an outperform rating in a research report on Friday, August 26th. Finally, StockNews.com initiated coverage on shares of Workday in a research report on Wednesday, October 12th. They set a hold rating for the company. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $221.48.

Workday Stock Up 2.1 %

WDAY opened at $149.34 on Monday. Workday has a one year low of $128.72 and a one year high of $285.58. The company has a fifty 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61.

Workday (NASDAQ:WDAYGet Rating) last announced its earnings results on Thursday, August 25th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts expect that Workday will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Douglas A. Robinson sold 2,128 shares of the stock in a transaction dated Saturday, October 15th. The shares were sold at an average price of $147.14, for a total value of $313,113.92. Following the completion of the transaction, the insider now directly owns 132,545 shares of the company’s stock, valued at $19,502,671.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Workday news, COO James Bozzini sold 5,031 shares of the company’s stock in a transaction dated Saturday, October 15th. The shares were sold at an average price of $147.14, for a total value of $740,261.34. Following the sale, the chief operating officer now owns 107,617 shares in the company, valued at $15,834,765.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas A. Robinson sold 2,128 shares of the company’s stock in a transaction dated Saturday, October 15th. The stock was sold at an average price of $147.14, for a total transaction of $313,113.92. Following the completion of the sale, the insider now owns 132,545 shares in the company, valued at approximately $19,502,671.30. The disclosure for this sale can be found here. Insiders sold a total of 120,974 shares of company stock valued at $18,758,209 over the last three months. Corporate insiders own 21.74% of the company’s stock.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently bought and sold shares of the business. Siemens Fonds Invest GmbH grew its holdings in shares of Workday by 1.0% during the first quarter. Siemens Fonds Invest GmbH now owns 5,807 shares of the software maker’s stock valued at $1,391,000 after buying an additional 60 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of Workday by 3.9% during the second quarter. MGO One Seven LLC now owns 1,756 shares of the software maker’s stock valued at $245,000 after buying an additional 66 shares during the last quarter. First National Trust Co grew its holdings in shares of Workday by 7.0% during the first quarter. First National Trust Co now owns 1,137 shares of the software maker’s stock valued at $272,000 after buying an additional 74 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Workday by 2.7% during the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after buying an additional 74 shares during the last quarter. Finally, AFT Forsyth & Company Inc. grew its holdings in shares of Workday by 2.7% during the third quarter. AFT Forsyth & Company Inc. now owns 2,880 shares of the software maker’s stock valued at $438,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 68.16% of the company’s stock.

About Workday

(Get Rating)

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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Analyst Recommendations for Workday (NASDAQ:WDAY)

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