BidaskClub upgraded shares of Workday (NASDAQ:WDAY) from a hold rating to a buy rating in a research report released on Wednesday morning.

Several other analysts have also weighed in on the company. Cleveland Research assumed coverage on Workday in a report on Wednesday, January 31st. They issued a buy rating for the company. Guggenheim reaffirmed a hold rating and set a $106.00 target price on shares of Workday in a report on Thursday, January 11th. Morgan Stanley raised Workday from an equal weight rating to an overweight rating and upped their target price for the company from $108.00 to $145.00 in a report on Wednesday, January 10th. KeyCorp raised Workday from a sector weight rating to an overweight rating and set a $131.00 target price for the company in a report on Thursday, January 4th. Finally, Jefferies Group reaffirmed a hold rating and set a $101.00 target price on shares of Workday in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $106.81.

Shares of Workday (NASDAQ WDAY) opened at $112.96 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $23,920.00, a price-to-earnings ratio of -78.44 and a beta of 2.01. Workday has a twelve month low of $80.61 and a twelve month high of $121.98.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to analyst estimates of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. analysts forecast that Workday will post -1.1 EPS for the current year.

In related news, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Peek sold 17,916 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.02, for a total value of $2,006,950.32. The disclosure for this sale can be found here. Insiders have sold 1,197,306 shares of company stock worth $126,753,397 over the last three months. 37.71% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its position in Workday by 124.3% in the 4th quarter. Suntrust Banks Inc. now owns 13,431 shares of the software maker’s stock worth $1,366,000 after purchasing an additional 7,442 shares during the last quarter. American International Group Inc. acquired a new position in Workday in the 4th quarter worth about $1,109,000. Arrowstreet Capital Limited Partnership acquired a new position in Workday in the 4th quarter worth about $4,365,000. UBS Asset Management Americas Inc. increased its position in Workday by 4.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 392,955 shares of the software maker’s stock worth $39,979,000 after purchasing an additional 17,443 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Workday by 2.1% in the 4th quarter. Rhumbline Advisers now owns 147,355 shares of the software maker’s stock worth $14,992,000 after purchasing an additional 3,077 shares during the last quarter. 66.90% of the stock is currently owned by hedge funds and other institutional investors.

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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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Analyst Recommendations for Workday (NASDAQ:WDAY)

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