Workday, Inc. $WDAY Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC decreased its position in Workday, Inc. (NASDAQ:WDAY) by 38.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,668 shares of the software maker’s stock after selling 22,729 shares during the quarter. Lmcg Investments LLC’s holdings in Workday were worth $8,586,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. bought a new position in shares of Workday during the second quarter worth about $25,000. Berbice Capital Management LLC lifted its position in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC boosted its stake in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Workday in the 2nd quarter worth $41,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Workday in the second quarter valued at $42,000. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 3.0%

NASDAQ:WDAY opened at $186.86 on Friday. The stock’s 50-day moving average is $216.41 and its two-hundred day moving average is $226.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $49.14 billion, a PE ratio of 78.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. Workday, Inc. has a fifty-two week low of $185.60 and a fifty-two week high of $283.68.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WDAY. DA Davidson dropped their price target on shares of Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Loop Capital set a $280.00 target price on shares of Workday in a report on Wednesday, December 10th. The Goldman Sachs Group assumed coverage on Workday in a report on Monday, January 12th. They issued a “neutral” rating and a $238.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.09.

Insider Activity

In related news, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. The trade was a 44.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 953 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares in the company, valued at $7,405,012.16. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is currently owned by company insiders.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.