Workday (NASDAQ:WDAY) Given New $314.00 Price Target at BMO Capital Markets

Workday (NASDAQ:WDAY) had its price objective boosted by BMO Capital Markets from $300.00 to $314.00 in a research report report published on Thursday morning, MarketBeat reports. BMO Capital Markets currently has an outperform rating on the software maker’s stock.

Several other brokerages have also commented on WDAY. Bank of America cut their price target on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday. Guggenheim restated a “neutral” rating on shares of Workday in a research note on Wednesday. Mizuho raised their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group raised their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Workday Stock Down 3.9 %

NASDAQ:WDAY opened at $260.57 on Thursday. Workday has a twelve month low of $199.81 and a twelve month high of $298.50. The company has a market cap of $69.31 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The stock has a fifty day simple moving average of $259.89 and a 200-day simple moving average of $254.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts anticipate that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now owns 60,000 shares of the company’s stock, valued at $14,785,200. The trade was a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 433,321 shares of company stock valued at $111,763,803 over the last quarter. 20.00% of the stock is currently owned by company insiders.

Institutional Trading of Workday

Several large investors have recently added to or reduced their stakes in WDAY. Roxbury Financial LLC purchased a new stake in Workday in the 4th quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in Workday in the 3rd quarter valued at $26,000. Crews Bank & Trust purchased a new stake in Workday in the 4th quarter valued at $26,000. Avion Wealth grew its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.