Workday Inc (WDAY) is Downgraded by Brean Capital to Sell

Workday Inc (WDAY) was Downgraded by Brean Capital to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Brean Capital advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Workday Inc. Workday Inc was Downgraded by Pacific Crest to ” Sector Weight” on Apr 25, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $72 .Workday Inc was Initiated by Macquarie to “Underperform” on Mar 4, 2016.

On the company’s financial health, Workday Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.05. The company had revenue of $323.40 million for the quarter, compared to analysts expectations of $319.60 million. The company’s revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Workday Inc closed down -0.55 points or -0.77% at $70.97 with 18,92,410 shares getting traded on Friday. Post opening the session at $70.58, the shares hit an intraday low of $69.19 and an intraday high of $71.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 19, 2016, James Bozzini (Senior Vice President) sold 6,194 shares at $76.24 per share price. According to the SEC, on Apr 19, 2016, Mark S Peek (co-President) sold 8,477 shares at $76.51 per share price. On Apr 19, 2016, James P Shaughnessy (SVP, General Counsel & Secty) sold 4,645 shares at $76.49 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.

Workday Inc

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Workday Inc - Is it time to Sell?

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