Workday Inc. (WDAY) Given “Buy” Rating at Drexel Hamilton
Workday Inc. (NYSE:WDAY)‘s stock had its “buy” rating reaffirmed by research analysts at Drexel Hamilton in a research report issued on Wednesday. They currently have a $110.00 target price on the stock. Drexel Hamilton’s price target suggests a potential upside of 30.46% from the stock’s previous close.
A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Workday in a research report on Tuesday, August 30th. DA Davidson reiterated a “buy” rating and issued a $99.00 target price (up previously from $97.00) on shares of Workday in a research report on Wednesday, August 24th. Brean Capital reiterated a “sell” rating and issued a $62.00 target price on shares of Workday in a research report on Tuesday, November 22nd. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $78.00 target price on shares of Workday in a research report on Saturday, August 13th. Finally, Wedbush raised shares of Workday from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $82.00 in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.72.
Shares of Workday (NYSE:WDAY) traded up 0.32% during trading on Wednesday, hitting $84.32. 1,678,616 shares of the stock traded hands. Workday has a 12 month low of $47.32 and a 12 month high of $93.35. The company has a 50 day moving average price of $84.94 and a 200 day moving average price of $82.58. The firm’s market cap is $16.86 billion.
In related news, SVP James P. Shaughnessy sold 1,836 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $86.34, for a total transaction of $158,520.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David A. Duffield sold 351,750 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $88.23, for a total transaction of $31,034,902.50. The disclosure for this sale can be found here. Corporate insiders own 41.78% of the company’s stock.
Several institutional investors have recently modified their holdings of WDAY. HM Payson & Co. bought a new position in shares of Workday during the second quarter worth $679,000. Societe Generale acquired a new stake in Workday during the second quarter worth about $159,000. Eaton Vance Management increased its stake in Workday by 49.4% in the second quarter. Eaton Vance Management now owns 85,645 shares of the company’s stock worth $6,395,000 after buying an additional 28,321 shares during the last quarter. Principal Financial Group Inc. increased its stake in Workday by 176.6% in the second quarter. Principal Financial Group Inc. now owns 21,893 shares of the company’s stock worth $1,635,000 after buying an additional 13,978 shares during the last quarter. Finally, British Columbia Investment Management Corp increased its stake in Workday by 52.0% in the second quarter. British Columbia Investment Management Corp now owns 68,663 shares of the company’s stock worth $5,127,000 after buying an additional 23,480 shares during the last quarter. Hedge funds and other institutional investors own 64.31% of the company’s stock.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.
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