Workday Inc (WDAY) is Downgraded by Citigroup to Neutral, Price Target at $87

Workday Inc (WDAY) was Downgraded by Citigroup to ” Neutral” and the brokerage firm has set the Price Target at $87. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jul 20, 2016.

Many Wall Street Analysts have commented on Workday Inc. BMO Capital Markets Initiated Workday Inc on Jun 15, 2016 to “Market Perform”, Price Target of the shares are set at $90.Workday Inc was Downgraded by Cross Research to ” Hold” on May 31, 2016. Wedbush Downgraded Workday Inc on May 27, 2016 to ” Underperform”, Price Target of the shares are set at $63.

On the company’s financial health, Workday Inc reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 31, 2016. Analyst had a consensus of $-0.02. The company had revenue of $345.40 million for the quarter, compared to analysts expectations of $338.76 million. The company’s revenue was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Workday Inc closed down -0.44 points or -0.56% at $78.41 with 10,10,181 shares getting traded on Monday. Post opening the session at $78.58, the shares hit an intraday low of $78.25 and an intraday high of $78.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 19, 2016, David A Duffield (Chairman) sold 3,699 shares at $79.34 per share price. According to the SEC, on Jul 19, 2016, Michael A. Stankey (Vice Chairman) sold 8,781 shares at $79.34 per share price. On Jul 19, 2016, Robynne Sisco (Chief Financial Officer) sold 897 shares at $79.01 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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