Financiera

Analysts Review on Earnings Estimates: Workday Inc (NYSE:WDAY)

Analysts Review on Earnings Estimates: Workday Inc (NYSE:WDAY)

The Software-as-a-Service provider reported a net loss of $110 million, or 57 cents per share. Brean Capital reiterated a "sell" rating and set a $62.00 target price on shares of Workday in a research report on Wednesday, September 28th.

Previously for the quarter ended on 4/2016, Workday Inc (NYSE:WDAY)'s expected mean EPS was $-0.39, the company reported its quarterly earnings per share of $-0.33 on 5/31/2016 After Market Close, beating the analysts' consensus estimate by 0.06 with surprise factor of 15.38%.

Workday declined until mid-morning Thursday, before settling into a range. The mean price target is calculated keeping in view the consensus of 33 analysts.

A number of other research firms also recently weighed in on WDAY. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company's stock.

Workday, Inc. (NYSE:WDAY) topped its 52-week high price of $93.35 on Oct 10, 2016 and 52-Week Low Price of $47.32 on Feb 9, 2016. In Workday Inc (NYSE:WDAY)'s last 12 earnings reports, it has beaten EPS estimates 66% of the time. This appreciation has taken its market valuation to 16.78B. The company's stock is moving with the distance from SMA 50 of -1.64 Percent while the distance from 200-day simple moving average for the stock is -3.41 percent. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $86.35, for a total value of $890,872.95. Also, CFO Robynne Sisco sold 1,325 shares of Workday stock in a transaction on Friday, September 2nd. The disclosure for this sale can be found here. Wellington Management Company LLP is the second biggest holder with 11 million shares now valued at 791.05 million whilst Jennison Associates LLC has 9 million shares valued at 820.14 million. Prudential Financial Inc. raised its position in shares of Workday by 18.9% in the second quarter. Mason expressed confidence that Workday would increase its emphasis on the midmarket, leveraging newly developed implementation tools and its partnership with Microsoft to make inroads into this segment. Institutional investors own 64.31% of the company's stock. Artisan Partners Limited Partnership now owns 5,152,979 shares of the company's stock worth $384,773,000 after buying an additional 172,572 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Workday during the second quarter worth approximately $372,000. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies.