Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,466 shares of the software maker’s stock after buying an additional 538 shares during the quarter. Workday makes up approximately 2.1% of Lyell Wealth Management LP’s investment portfolio, making the stock its 10th largest position. Lyell Wealth Management LP’s holdings in Workday were worth $23,601,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Crews Bank & Trust purchased a new position in Workday during the fourth quarter worth about $26,000. Roxbury Financial LLC purchased a new position in Workday during the fourth quarter worth about $25,000. Avion Wealth raised its holdings in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Workday during the third quarter worth about $26,000. Finally, Meeder Asset Management Inc. raised its holdings in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In related news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 438,819 shares of company stock valued at $113,142,592. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Barclays dropped their target price on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Finally, Scotiabank assumed coverage on shares of Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.43.

Workday Stock Performance

Shares of WDAY stock opened at $265.72 on Wednesday. The company’s fifty day simple moving average is $261.59 and its 200-day simple moving average is $252.41. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $70.68 billion, a PE ratio of 44.07, a P/E/G ratio of 3.51 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.