Bank of America Initiates Coverage On Workday Inc to Buy with Price Target $96

Bank of America Initiates Coverage On Workday Inc(WDAY). In a research note issued to the investors, the brokerage major Announces the price-target to $96 per share. The shares have been rated Buy. The rating by the stock financial advisor at Bank of America was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 1, 2017, Bernstein said it Downgrades its rating on Workday Inc. The shares have been rated ‘Market Perform’ by the firm. On Feb 28, 2017, Citigroup said it Downgrades its rating on Workday Inc. According to the research note, Citigroup Raises the price target to $77 per share from a prior target of $73. The shares have been rated ‘Sell’ by the firm. On Feb 17, 2017, PiperJaffray said it Upgrades its rating on Workday Inc. According to the research note, PiperJaffray Raises the price target to $100 per share from a prior target of $78. The shares have been rated ‘Overweight’ by the firm. Wells Fargo said it Initiates Coverage On Workday Inc, according to a research note issued on Jan 11, 2017. The shares have been rated ‘Market Perform’ by the firm.

Workday Inc (WDAY) shares turned negative on Wednesdays trading session with the shares closing down -0.37 points or -0.45% at a volume of 17,21,252. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $82.49. The peak price level was also seen at $82.49 while the days lowest was $80.61. Finally the shares closed at $81.45. The 52-week high of the shares is $93.35 while the 52-week low is $65.79. According to the latest information available, the market cap of the company is $16,534 M.

Workday Inc(WDAY) last announced its earnings results on Feb 27, 2017 for Fiscal Year 2017 and Q4.Company reported revenue of $436.672M. Analysts had an estimated revenue of $430.190M. Earnings per share were $0.07. Analysts had estimated an EPS of $-0.01.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Mark S Peek (co-President) sold 1,562 shares at $83.46 per share price.Also, On Mar 17, 2017, James P Shaughnessy (SVP, General Counsel & Secty) sold 7,875 shares at $83.18 per share price.On Mar 17, 2017, Philip W Wilmington (co-President) sold 15,631 shares at $83.19 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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