Workday (NASDAQ:WDAY) posted its earnings results on Tuesday. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.16, reports. The company had revenue of $938.10 million during the quarter, compared to analyst estimates of $920.65 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS.

Shares of NASDAQ WDAY opened at $173.50 on Wednesday. The company has a fifty day moving average price of $165.95 and a 200 day moving average price of $188.61. The firm has a market cap of $40.84 billion, a PE ratio of -142.21 and a beta of 1.54. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday has a 1-year low of $141.70 and a 1-year high of $226.83.

A number of analysts recently weighed in on WDAY shares. KeyCorp set a $235.00 price target on shares of Workday and gave the company a “buy” rating in a research report on Thursday, August 29th. Northland Securities reissued a “hold” rating and set a $200.00 price objective on shares of Workday in a research note on Wednesday. Stifel Nicolaus decreased their price objective on shares of Workday from $210.00 to $180.00 in a report on Wednesday, October 16th. Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Wedbush reiterated a “hold” rating and issued a $195.00 target price on shares of Workday in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $211.00.

In other news, CEO Aneel Bhusri sold 6,355 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $184.02, for a total transaction of $1,169,447.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Duffield sold 271 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $184.71, for a total value of $50,056.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 509,292 shares of company stock valued at $86,126,565. Corporate insiders own 29.80% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Earnings History for Workday (NASDAQ:WDAY)

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