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.

Related Articles

  • Westwood Holdings Group INC Holds Stake in General Mills INC (GIS)

    Finally, Spectrum Management Group Inc. acquired a new stake in General Mills in the 3rd quarter valued at about $135,000. Creative Planning holds 0.02% of its portfolio in General Mills, Inc . (NYSE:GIS) for 10,958 shares. (NYSE:DPLO).

    Axiom International Investors LLC DE Raises Holdings in YPF Sociedad Anonima (YPF)

    ValuEngine raised shares of YPF Sociedad Anonima from a "sell" rating to a "hold" rating in a report on Thursday, August 17th. Mckinley Cap Mngmt Ltd Liability Co Delaware accumulated 45,938 shares. 21,259 were reported by Whittier Co Of Nevada.
    Harris County files suit against opioid manufacturers, distributors

    Harris County files suit against opioid manufacturers, distributors

    Research shows that approximately 80 percent of people who use heroin first misused prescription opioids. Ryan said the lawsuit is seeking to prevent the group named in the lawsuit from selling opioids.
  • Mother Arrested For Son's 323 Hospital Visits, 13 Surgeries, Report Says

    Mother Arrested For Son's 323 Hospital Visits, 13 Surgeries, Report Says

    Bowen-Wright was charged with injury to a child with serious bodily injury and she is being held in the Dallas County Jail. In response, he was blocked from visiting his son and told he was in denial about his son's impending death.

    Most Shocking Stock Movements: Capital One Financial Corporation (COF), PACCAR Inc (PCAR)

    Several other institutional investors have also sold shares of the company. 13 funds opened positions while 19 raised stakes. Shares of Capital One Financial Corporation (NYSE:COF) traded down $1.49 during trading hours on Wednesday, reaching $94.72.
    Reddit, Microsoft Partnership Creates Intelligence Tools, Serves Content In Bing

    Reddit, Microsoft Partnership Creates Intelligence Tools, Serves Content In Bing

    At an event in San Francisco, Microsoft just unveiled a bunch of AI-related enhancements for its Bing search engine. Additionally, when there's more than one way to answer a query, Bing will provide a carousel of answers.
  • Ban on foreign house buyers leaps forward

    Ban on foreign house buyers leaps forward

    The changes are among the first to highlight the more protectionist stance taken by the centre-left coalition government. Those on temporary visas, which encompassed the booming worldwide student market, would not be allowed to buy housing.
    BTS to perform on 'Dick Clark's New Year's Rockin' Eve'

    BTS to perform on 'Dick Clark's New Year's Rockin' Eve'

    Ryan Seacrest and Jenny McCarthy will host the show from Times Square, while Ciara is set to host in Hollywood. Buddy Iahn founded The Music Universe when he made a decision to juxtapose his love of web design and music.
    3.9-magnitude natural disaster  near Molalla stirs Portlanders

    3.9-magnitude natural disaster near Molalla stirs Portlanders

    The sheriff's office also said that as a precaution, deputies were responding to the area of Scotts Mills to check on residents. The natural disaster struck at 5:24 p.m., about 17 kilometers deep, according to the Pacific Northwest Seismic Network .
  • Growing Levels of E-Waste Bad for Environment, Health and Economy

    Growing Levels of E-Waste Bad for Environment, Health and Economy

    The amount of e-waste will increase substantially over the coming decades, the International Telecommunications Union says. Nearly two-thirds of the world's population live in the 61 countries that have national e-waste laws.
    Astronomers to check interstellar body for signs of alien technology

    Astronomers to check interstellar body for signs of alien technology

    That aspect ratio is greater than that of any asteroid or comet observed in our solar system to date. If found it would be the biggest sign that extraterrestrial intelligence could be involved.
    'Sheep' steals baby Jesus, 'Mary' rescues him in Christmas performance

    'Sheep' steals baby Jesus, 'Mary' rescues him in Christmas performance

    An adorable Nativity scene in an East Tennessee church took a hilarious turn when the little girl playing a sheep chose to play with baby Jesus.