Workday (NYSE:WDAY) Rating Reconfirmed
In analysts note issued on 30 September, Workday (NYSE:WDAY) stock had its Buy Rating reiterated by equity research analysts at Canaccord Genuity. They currently have a $90 PT on firm. Canaccord Genuity’s target gives a potential upside of 32.76% from the company’s current stock price.
NYSE:WDAY is currently trading -4.06% lower at $67.83 as of 10:19 New York time. Workday’s stock is down -14.8% over the last 200 days. It has underperformed the S&P 500, which has dropped -7.43% over the same time period.
According to data compiled by Thomson Reuters, Workday (NYSE:WDAY)’s stock is covered by 31 equity analysts across the Street, with 0 analysts giving it a Sell rating, 19 a Buy rating, while 17 consider it a Hold. The 12-month consensus target price for the stock is $87.77, which reflects an upside potential of 29.40% over the current price.
Institutional Ownership
Scge Management L.P. had the largest stake with ownership of 1.03M shares as of q2 2015 for 10.41% of the stocks portfolio. Allen Operations Llc is another bullish institutional investor who is owning 111,992 shares of Workday or 8.97% of their stocks portfolio. Also, Glynn Capital Management Llc have 7.28% of their stocks portfolio invested in the company for 299,359 shares. The California-based fund Criterion Capital Management Llc disclosed it had purchased a stake worth about 6.99% of the institutional investor’s stock portfolio in Workday. The California-based fund Dorsal Capital Management Llc is also positive about the stock, possessing 2.40M shares or 4.19% of their stocks portfolio.
Insider Activity
Over the last six months, Workday NYSE:WDAY has seen 0 insider buying transactions, and 21 insider sales. The net result was for 21 transactions, worth $73.76 million.
Workday (NYSE:WDAY) 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 a range of companies, educational institutions and government agencies. The Company’s applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications.
Workday (NYSE:WDAY) traded down -4.06% on 30 September, hitting $67.83. A total of 119,442 shares of the company’s stock traded hands. This is down from average of 1.92 million shares. Workday has a 52 week low of $65.33 and a 52 week high of $97.4. The company has a market cap of $13.02B and a P/E ratio of 0.
