Latest Stocks: Workday, Inc. (WDAY) Receives "Buy" Rating from Drexel Hamilton

A number of other research analysts have also weighed in on WDAY.

Workday, Inc. has 1 year price target of $84.09. Brean Capital reaffirmed a sell rating and issued a $62.00 target price on shares of Workday in a research report on Tuesday, November 22nd. Jefferies Group LLC reduced their price target on shares of Workday from $79.00 to $71.00 and set a "hold" rating on the stock in a research note on Friday, December 2nd. Barclays PLC reiterated a hold rating and issued a $77.00 price objective on shares of Workday in a research note on Wednesday, November 23rd. The consensus target price is $78.94 with 10 firms rating the stock a strong buy, 9 firms rating the stock a buy, 15 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell. (NYSE:WDAY) where Citigroup provided Sell rating on the stock on 28-Feb-17. The company has an average rating of Hold and a consensus target price of $86.80.

Workday (NYSE:WDAY) traded up 0.96% on Friday, reaching $80.89.

Zacks Investment Research also rated the stock with a value of 2.34. Workday, Inc. has a 52-week low of 65.79 and a 52-week high of 93.35. Workday has recorded a 50-day average of $84.32 and a 200-day moving average of $82.67. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.08. The firm earned $436.70 million during the quarter, compared to analyst estimates of $430.19 million.

Workday, Inc. Gross Margin percentage stands at 68.7% while its Operating Margin for trailing twelve month is -24.6 percent and Profit margin (ttm) is -26.4 Percent. Subscription revenue was $365.2 million, an increase of 39% from the same period a year ago.

Workday expects full-year revenue in the range of $2.01 billion to $2.03 billion.

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In other Workday news, insider Mark S. Peek sold 817 shares of the firm's stock in a transaction dated Thursday, December 15th.

22 Insider Sales transactions were made totaling 1027100 shares traded. The transaction was disclosed in a document filed with the SEC, which is available through this link. The disclosure for this sale can be found here. Insiders sold a total of 1,097,487 shares of company stock worth $78,149,173 over the last ninety days. Advisor Group Inc. raised its position in Workday by 14.9% in the third quarter. Artisan Partners Limited Partnership now owns 5,152,979 shares of the company's stock valued at $384,773,000 after buying an additional 172,572 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Workday during the third quarter valued at $138,000. Integrated Wealth Counsel LLC purchased a new stake in Workday during the third quarter worth approximately $138,000. Finally, Stanford Investment Group Inc. raised its position in Workday by 2,101.0% in the fourth quarter. Operating loss was $106.2 million, or negative 24.3% of revenues, compared to an operating loss of $73.4 million, or negative 22.7% of revenues, in the same period previous year.

Amazon.com's Web Services (AWS) was chosen as Workday's preferred public cloud infrastructure provider for customer production workloads.

The company has closed 13 Fortune 500 accounts in the human capital management space during the quarter that includes BP, Deutsche Bank, Dow Chemical, and Wal-Mart. It operates in the cloud applications segment.

  • Joanne Flowers