Cowen & Company Initiates Coverage on Workday Inc to Market Perform

Cowen & Company Initiates Coverage on Workday Inc(NYSE:WDAY). The shares have been rated Market Perform. The rating by Cowen & Company was issued on Jun 24, 2016.

In a different note, BMO Capital said it Initiates Coverage on Workday Inc, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Market Perform’ by the firm. On Jun 1, 2016, Drexel Hamilton said it Maintains its rating on Workday Inc. In the research note, the firm Raises the price-target to $88.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Goldman Sachs said it Maintains its rating on Workday Inc. In the research note, the firm Raises the price-target to $71.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 31, 2016, Cross Research said it Downgrades its rating on Workday Inc. The shares have been rated ‘Hold’ by the firm. On May 27, 2016, Wedbush said it Downgrades its rating on Workday Inc. The shares have been rated ‘Underperform’ by the firm. On May 26, 2016, Barclays said it Maintains its rating on Workday Inc. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Workday Inc (WDAY) made into the market gainers list on Wednesdays trading session with the shares advancing 4.48% or 3.17 points. Due to strong positive momentum, the stock ended at $73.89, which is also near the day’s high of $73.97. The stock began the session at $71.5 and the volume stood at 14,97,353 shares. The 52-week high of the shares is $85.67 and the 52 week low is $47.32. The company has a current market capitalization of $14,556 M and it has 19,70,00,000 shares in outstanding.

Workday Inc(WDAY) last announced its earnings results on May 31, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $345.43M. Analysts had an estimated revenue of $338.68M. Earnings per share were $0.05. Analysts had estimated an EPS of $-0.02.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Michael A. Stankey (Vice Chairman) sold 180,000 shares at $78.89 per share price.Also, On Jun 17, 2016, Mark S Peek (co-President) sold 17,158 shares at $80.75 per share price.On Jun 17, 2016, Philip W Wilmington (co-President) sold 36,818 shares at $79.64 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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