Workday Inc. (NYSE:WDAY) received a $83.00 price target from equities research analysts at Cowen and Company in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Cowen and Company’s price objective would indicate a potential downside of 1.57% from the company’s previous close.

WDAY has been the topic of a number of other research reports. Nomura lifted their price target on shares of Workday from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, August 25th. Brean Capital lifted their price target on shares of Workday from $55.00 to $62.00 and gave the stock a “sell” rating in a research note on Thursday, August 25th. Wunderlich decreased their price target on shares of Workday from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Barclays PLC lifted their price target on shares of Workday from $71.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 25th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $90.00 price target (up previously from $80.00) on shares of Workday in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.72.

Analyst Recommendations for Workday (NYSE:WDAY)

Workday (NYSE:WDAY) opened at 84.32 on Tuesday. The firm’s market cap is $16.86 billion. The firm’s 50-day moving average is $84.94 and its 200 day moving average is $82.58. Workday has a 1-year low of $47.32 and a 1-year high of $93.35.

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In related news, CFO Robynne Sisco sold 1,325 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $86.46, for a total value of $114,559.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David A. Duffield sold 351,750 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $88.23, for a total value of $31,034,902.50. The disclosure for this sale can be found here. 41.78% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of WDAY. Balentine LLC acquired a new stake in Workday during the third quarter worth $488,000. Verition Fund Management LLC boosted its stake in Workday by 226.3% in the third quarter. Verition Fund Management LLC now owns 8,809 shares of the company’s stock worth $808,000 after buying an additional 6,109 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Workday during the third quarter worth $734,000. Dai Ichi Life Holdings Inc. acquired a new stake in Workday during the third quarter worth $203,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Workday during the third quarter worth $1,291,000. Institutional investors and hedge funds 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.

5 Day Chart for NYSE:WDAY

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