Analyst's Trends to observe: Workday, Inc. (WDAY)

Tybourne Capital Management Hk Ltd holds 12.72% of its portfolio in Workday, Inc. for 2.94 million shares. Also Investorplace.com published the news titled: "How Workday Inc Stock Can Rocket Back to Its All-Time Highs" on December 12, 2017. Also, the number of investment managers holding Workday Inc in their top 10 stock positions increased from 6 to 9 for an increase of 3. Hedge funds and other institutional investors own 67.58% of the company's stock. The North Carolina-based Banbury Partners Llc has invested 6.42% in the stock. Asset Management One Co. Janus Henderson Group PLC boosted its position in Workday by 6,210.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker's stock worth $12,946,000 after buying an additional 99,144 shares in the last quarter. Balyasny Asset Management LLC now owns 383,164 shares of the software maker's stock worth $37,167,000 after purchasing an additional 318,523 shares in the last quarter. Engineers Gate Manager LP raised its position in Workday by 80.7% in the 3rd quarter. Workday, Inc.'s beta is 1.83 whilst the stock has an average true range (ATR) of 3.56.

WDAY has been the topic of several other reports. Cowen restated a market perform rating and issued a $100.00 price objective on shares of Workday in a report on Saturday, October 14th. On Friday, April 1 the stock rating was reinitiated by Piper Jaffray with "Neutral". Robert W. Baird reissued a "buy" rating and issued a $114.00 price objective on shares of Workday in a research report on Friday, November 10th. Barclays lifted their price target on Workday from $108.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Friday, November 17th. Finally, Deutsche Bank reissued a "hold" rating and issued a $105.00 price objective (up from $95.00) on shares of Workday in a research report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fourteen have issued a buy rating to the stock. (WDAY), there were 56 new positions totaling 1,949,184 shares of the company's stock. The share price has moved backward from its 20 days moving average, trading at a distance of -2.79% and stays -2.73% away from its 50 days moving average. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Duffield sold 218,149 shares of the stock in a transaction that occurred on Monday, October 9th. The disclosure for this sale can be found here.

The counter witnessed a trading volume of 3.26 million shares versus an average volume of 3.22 million shares during last trading session. Companies with a high P/E ratio are typically growth stocks.

Shares of Workday (NASDAQ WDAY) opened at $104.85 on Wednesday. During the same period in the previous year, the company posted $0.03 earnings per share. Workday has a twelve month low of $65.79 and a twelve month high of $116.89. Winfield Associates Inc. grew its stake in Workday by 136.4% in the second quarter.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.01 per share, according to consensus of 35 analysts. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company had revenue of $555.40 million during the quarter, compared to analysts' expectations of $541.05 million.

Workday, Inc. (NASDAQ:WDAY) recorded a trading volume of 2.26 million shares, above its 90-day volume average of 1.86 million shares.

WARNING: "Workday (NASDAQ:WDAY) Raised to "C" at TheStreet" was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was copied illegally and reposted in violation of US & global copyright and trademark legislation. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. It provides applications for clients to manage critical business functions to optimize their financial and human capital resources.

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