The Toronto-Dominion Bank (TD) Reaches $59.08 Formed H&S; Workday Has 1.62 Sentiment

May 17, 2018 - By Jerrie Dane

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Workday Inc (WDAY) investors sentiment decreased to 1.62 in Q4 2017. It’s down -0.16, from 1.78 in 2017Q3. The ratio dived, as 194 hedge funds increased or opened new holdings, while 120 sold and reduced equity positions in Workday Inc. The hedge funds in our database now have: 145.79 million shares, up from 139.45 million shares in 2017Q3. Also, the number of hedge funds holding Workday Inc in top ten holdings decreased from 11 to 6 for a decrease of 5. Sold All: 45 Reduced: 75 Increased: 129 New Position: 65.

The Toronto-Dominion Bank (TD) formed H&S with $56.72 target or 4.00% below today’s $59.08 share price. The Toronto-Dominion Bank (TD) has $108.51 billion valuation. The stock increased 0.80% or $0.47 during the last trading session, reaching $59.08. About 757,340 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 15.54% since May 17, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Analysts await Workday, Inc. (NASDAQ:WDAY) to report earnings on May, 31 after the close. They expect $-0.31 EPS, down 29.17% or $0.07 from last year’s $-0.24 per share. After $-0.32 actual EPS reported by Workday, Inc. for the previous quarter, Wall Street now forecasts -3.13% EPS growth.

Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide. The company has market cap of $28.82 billion. It provides applications for clients to manage critical business functions to optimize their financial and human capital resources. It currently has negative earnings. The firm offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

Since January 1, 0001, it had 0 insider purchases, and 36 insider sales for $257.02 million activity.

Ratings analysis reveals 15% of Workday’s analysts are positive. Out of 13 Wall Street analysts rating Workday, 2 give it “Buy”, 2 “Sell” rating, while 9 recommend “Hold”. The lowest target is $79.0 while the high is $110.0. The stock’s average target of $89.50 is -33.19% below today’s ($133.97) share price. WDAY was included in 13 notes of analysts from August 22, 2016. Needham downgraded the shares of WDAY in report on Monday, August 22 to “Hold” rating. The firm has “Market Perform” rating given on Thursday, August 25 by BMO Capital Markets. The firm earned “Market Perform” rating on Wednesday, December 7 by Northland Capital. On Friday, December 2 the stock rating was downgraded by Societe Generale to “Sell”. The stock of Workday, Inc. (NASDAQ:WDAY) earned “Sell” rating by Citigroup on Tuesday, February 28. The firm has “Overweight” rating by Piper Jaffray given on Friday, February 17. First Analysis downgraded the stock to “Equal-Weight” rating in Thursday, August 25 report. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 16. The firm has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, March 1 report.

Banbury Partners Llc holds 8.04% of its portfolio in Workday, Inc. for 321,806 shares. Criterion Capital Management Llc owns 804,471 shares or 4.92% of their US portfolio. Moreover, Glynn Capital Management Llc has 4.87% invested in the company for 222,716 shares. The New York-based Contour Asset Management Llc has invested 4.4% in the stock. Duquesne Family Office Llc, a New York-based fund reported 832,500 shares.

More important recent Workday, Inc. (NASDAQ:WDAY) news were published by: Fool.com which released: “Workday CTO Joe Korngiebel Describes the New Era of Enterprise Software” on May 14, 2018, also Globenewswire.com published article titled: “Workday Ranks #1 Best Place to Work in the UK”, Investorplace.com published: “5 Top Stock Trades for Tuesday Morning” on May 14, 2018. More interesting news about Workday, Inc. (NASDAQ:WDAY) was released by: Nasdaq.com and their article: “Market Trends Toward New Normal in WellCare Health Plans, Carrols Restaurant Group, Western Asset Mortgage …” with publication date: April 23, 2018.

The stock increased 0.40% or $0.54 during the last trading session, reaching $133.97. About 842,091 shares traded. Workday, Inc. (WDAY) has risen 52.48% since May 17, 2017 and is uptrending. It has outperformed by 40.93% the S&P500.

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on May, 24 before the open. They expect $1.16 earnings per share, up 16.00% or $0.16 from last year’s $1 per share. TD’s profit will be $2.13 billion for 12.73 P/E if the $1.16 EPS becomes a reality. After $1.23 actual earnings per share reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69% negative EPS growth.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 23 analyst reports since August 12, 2015 according to SRatingsIntel. Bank of America initiated the shares of TD in report on Tuesday, November 1 with “Buy” rating. Bank of America maintained The Toronto-Dominion Bank (NYSE:TD) on Tuesday, January 30 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, May 3 by Credit Suisse. The company was downgraded on Friday, August 26 by IBC. Credit Suisse downgraded The Toronto-Dominion Bank (NYSE:TD) on Monday, September 21 to “Neutral” rating. As per Wednesday, September 14, the company rating was maintained by Citigroup. The rating was maintained by BMO Capital Markets with “Outperform” on Monday, August 31. RBC Capital Markets downgraded it to “Sector Perform” rating and $68 target in Monday, March 13 report. Barclays Capital upgraded the shares of TD in report on Tuesday, May 23 to “Equal-Weight” rating. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, August 28.

Workday, Inc. (NASDAQ:WDAY) Institutional Positions Chart