Sequoia Financial Advisors LLC Has $619,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Sequoia Financial Advisors LLC decreased its stake in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 19.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,268 shares of the software maker’s stock after selling 540 shares during the period. Sequoia Financial Advisors LLC’s holdings in Workday were worth $619,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Diversify Advisory Services LLC acquired a new position in shares of Workday during the 1st quarter valued at about $1,721,000. Norden Group LLC grew its holdings in Workday by 27.8% in the 1st quarter. Norden Group LLC now owns 5,844 shares of the software maker’s stock valued at $1,594,000 after buying an additional 1,273 shares during the last quarter. HB Wealth Management LLC grew its holdings in Workday by 25.2% in the 1st quarter. HB Wealth Management LLC now owns 9,257 shares of the software maker’s stock valued at $2,525,000 after buying an additional 1,865 shares during the last quarter. Concord Wealth Partners grew its holdings in Workday by 129.0% in the 1st quarter. Concord Wealth Partners now owns 1,374 shares of the software maker’s stock valued at $375,000 after buying an additional 774 shares during the last quarter. Finally, AFT Forsyth & Company Inc. grew its holdings in Workday by 2.0% in the 1st quarter. AFT Forsyth & Company Inc. now owns 3,630 shares of the software maker’s stock valued at $990,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 1.6 %

Shares of WDAY opened at $229.13 on Monday. The stock has a fifty day moving average price of $229.71 and a two-hundred day moving average price of $261.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The company has a market cap of $60.72 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 5.77 and a beta of 1.35.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts predict that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the completion of the sale, the insider now directly owns 674,000 shares of the company’s stock, valued at approximately $150,841,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the completion of the sale, the insider now directly owns 674,000 shares of the company’s stock, valued at approximately $150,841,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,162 shares of company stock valued at $87,128,156. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WDAY shares. UBS Group lowered their target price on Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Morgan Stanley lowered their target price on Workday from $330.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Citigroup lowered their target price on Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Royal Bank of Canada lowered their target price on Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, TD Cowen decreased their price objective on Workday from $330.00 to $290.00 and set a “buy” rating on the stock in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $282.11.

Check Out Our Latest Stock Report on Workday

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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