Lyell Wealth Management LP Sells 12,626 Shares of Workday, Inc. $WDAY

Lyell Wealth Management LP reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,561 shares of the software maker’s stock after selling 12,626 shares during the period. Workday accounts for about 1.5% of Lyell Wealth Management LP’s portfolio, making the stock its 19th largest holding. Lyell Wealth Management LP’s holdings in Workday were worth $19,634,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WDAY. Brighton Jones LLC boosted its position in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after purchasing an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Workday in the second quarter valued at $281,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Workday by 8.5% during the second quarter. Concurrent Investment Advisors LLC now owns 2,892 shares of the software maker’s stock worth $694,000 after buying an additional 226 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Up 0.3%

WDAY opened at $144.42 on Friday. The stock has a fifty day moving average of $196.02 and a 200-day moving average of $218.07. The company has a market capitalization of $37.98 billion, a P/E ratio of 60.68, a P/E/G ratio of 1.23 and a beta of 1.13. Workday, Inc. has a fifty-two week low of $140.59 and a fifty-two week high of $281.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. On average, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent analyst reports. Piper Sandler cut their price target on shares of Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. TD Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Raymond James Financial reissued a “market perform” rating on shares of Workday in a research report on Monday. Wall Street Zen raised Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group dropped their price target on Workday from $240.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $269.06.

Insiders Place Their Bets

In related news, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the transaction, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. This trade represents a 44.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 in the last quarter. Company insiders own 19.31% of the company’s stock.

About Workday

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.