Workday, Inc. (NASDAQ:WDAY) is Lyell Wealth Management LP’s 4th Largest Position

Lyell Wealth Management LP lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,548 shares of the software maker’s stock after buying an additional 1,277 shares during the period. Workday makes up 2.8% of Lyell Wealth Management LP’s holdings, making the stock its 4th biggest position. Lyell Wealth Management LP’s holdings in Workday were worth $24,997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in Workday by 12.3% in the 3rd quarter. CWM LLC now owns 3,691 shares of the software maker’s stock valued at $793,000 after buying an additional 405 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Workday by 68.5% in the third quarter. Global Retirement Partners LLC now owns 332 shares of the software maker’s stock valued at $70,000 after purchasing an additional 135 shares during the period. State of Alaska Department of Revenue increased its position in Workday by 0.3% during the third quarter. State of Alaska Department of Revenue now owns 22,656 shares of the software maker’s stock worth $4,867,000 after purchasing an additional 65 shares during the last quarter. Founders Financial Securities LLC raised its stake in Workday by 8.2% during the third quarter. Founders Financial Securities LLC now owns 1,683 shares of the software maker’s stock worth $362,000 after purchasing an additional 128 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC boosted its holdings in Workday by 5.4% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 6,548 shares of the software maker’s stock valued at $1,407,000 after purchasing an additional 335 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Workday news, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 435,691 shares of company stock worth $117,731,569. Insiders own 21.09% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY traded down $1.08 during trading hours on Wednesday, hitting $255.74. The company had a trading volume of 1,162,350 shares, compared to its average volume of 1,754,667. The business has a 50 day moving average of $275.55 and a 200-day moving average of $263.60. The company has a market cap of $67.52 billion, a PE ratio of 49.66, a price-to-earnings-growth ratio of 6.33 and a beta of 1.32. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS. As a group, equities research analysts expect that Workday, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on WDAY shares. UBS Group cut their price target on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Citigroup upped their price target on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group raised their price objective on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Mizuho upped their target price on shares of Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.