Workday (NASDAQ:WDAY – Get Free Report) had its price target boosted by research analysts at Monness Crespi & Hardt from $150.00 to $202.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the software maker’s stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 12.45% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a research note on Wednesday, June 17th. DA Davidson set a $135.00 price target on Workday in a research note on Tuesday, May 26th. Needham & Company LLC reduced their price objective on shares of Workday from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. CLSA initiated coverage on shares of Workday in a research note on Monday, July 20th. They issued an “underperform” rating and a $92.00 price objective for the company. Finally, William Blair upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

Read Our Latest Research Report on Workday

Shares of NASDAQ WDAY opened at $179.64 on Monday. The company’s 50 day moving average price is $140.39 and its 200-day moving average price is $138.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. Workday has a 52-week low of $110.36 and a 52-week high of $249.85. The company has a market capitalization of $44.37 billion, a P/E ratio of 56.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.

Workday (NASDAQ:WDAY – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $2.23 earnings per share. Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that Workday will post 5.38 earnings per share for the current year.

In other news, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total transaction of $13,119,300.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $12,820,179.96. The trade was a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider directly owned 239,469 shares in the company, valued at $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after buying an additional 3,210,232 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after buying an additional 10,190,516 shares during the last quarter. State Street Corp grew its holdings in shares of Workday by 1.0% during the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after buying an additional 96,139 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Workday by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after acquiring an additional 75,922 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.

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