Workday (NYSE:WDAY) : 17 brokerage houses believe that Workday (NYSE:WDAY) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 15 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Workday (NYSE:WDAY). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 37 Wall Street Analysts endorse the stock as a Buy with a rating of 2.19.
Workday (NYSE:WDAY) has been rated by 36 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $99 and the lowest price target forecast is $55. The average forecast of all the analysts is $79.81 and the expected standard deviation is $10.94.
For the current week, the company shares have a recommendation consensus of Buy. Also, Cowen & Company initiates coverage on Workday (NYSE:WDAY).The analysts at the brokerage house have a current rating of Market Perform on the shares. The rating by the firm was issued on June 24, 2016.
Workday (NYSE:WDAY): stock turned positive on Tuesday. Though the stock opened at $71.17, the bulls momentum made the stock top out at $73 level for the day. The stock recorded a low of $70.01 and closed the trading day at $70.72, in the green by 1.81%. The total traded volume for the day was 1,667,146. The stock had closed at $69.46 in the previous days trading.
In an insider trading activity, Bozzini James, officer (Senior Vice President) of Workday, Inc., unloaded 12,500 shares at an average price of $78.96 on June 21, 2016. The total amount of the transaction was worth $987,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Companys applications include Workday Financial Management, Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single, global core with a range of financial capabilities, relevant analytics and metrics, and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff, pay, organize, and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions.