Workday (NASDAQ:WDAY) Downgraded by Loop Capital to Hold

Loop Capital downgraded shares of Workday (NASDAQ:WDAYGet Rating) from a buy rating to a hold rating in a report released on Monday morning, Marketbeat reports. Loop Capital currently has $150.00 target price on the software maker’s stock, down from their prior target price of $225.00.

A number of other brokerages also recently issued reports on WDAY. StockNews.com assumed coverage on shares of Workday in a report on Wednesday, October 12th. They issued a hold rating on the stock. Monness Crespi & Hardt downgraded shares of Workday from a buy rating to a neutral rating in a report on Thursday, November 17th. Guggenheim upgraded shares of Workday from a sell rating to a neutral rating in a report on Monday, November 7th. BMO Capital Markets dropped their price objective on shares of Workday from $239.00 to $217.00 and set an outperform rating for the company in a research note on Friday, August 26th. Finally, TheStreet cut shares of Workday from a c- rating to a d+ rating in a research note on Friday, August 26th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $221.48.

Workday Stock Up 2.1 %

Shares of WDAY stock opened at $149.34 on Monday. The company has a market capitalization of $38.23 billion, a price-to-earnings ratio of -191.46 and a beta of 1.29. Workday has a one year low of $128.72 and a one year high of $285.58. The company’s fifty day moving average price is $148.99 and its 200-day moving average price is $153.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61.

Workday (NASDAQ:WDAYGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same period in the previous year, the firm posted $0.49 EPS. Sell-side analysts expect that Workday will post -0.61 EPS for the current fiscal year.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 221 shares of Workday stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $34,988.72. Following the completion of the sale, the insider now owns 134,673 shares in the company, valued at approximately $21,321,429.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder David A. Duffield sold 102,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $156.24, for a total value of $16,014,600.00. Following the completion of the sale, the insider now owns 102,500 shares in the company, valued at approximately $16,014,600. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas A. Robinson sold 221 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $34,988.72. Following the completion of the sale, the insider now owns 134,673 shares of the company’s stock, valued at approximately $21,321,429.36. The disclosure for this sale can be found here. Insiders sold 120,974 shares of company stock worth $18,758,209 in the last 90 days. 21.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Workday

Large investors have recently modified their holdings of the business. RB Capital Management LLC raised its stake in shares of Workday by 2.8% during the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock worth $662,000 after acquiring an additional 76 shares in the last quarter. Comerica Bank raised its stake in shares of Workday by 9.5% during the 1st quarter. Comerica Bank now owns 6,346 shares of the software maker’s stock worth $1,396,000 after acquiring an additional 548 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Workday by 152.0% during the 1st quarter. Whittier Trust Co. now owns 126 shares of the software maker’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. National Asset Management Inc. bought a new position in shares of Workday during the 1st quarter worth approximately $333,000. Finally, Metis Global Partners LLC bought a new position in shares of Workday during the 1st quarter worth approximately $273,000. Institutional investors own 68.16% of the company’s stock.

About Workday

(Get Rating)

Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Analyst Recommendations for Workday (NASDAQ:WDAY)

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