Lmcg Investments LLC Decreases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Lmcg Investments LLC lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,325 shares of the software maker’s stock after selling 203 shares during the period. Lmcg Investments LLC’s holdings in Workday were worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Workday by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 226,117 shares of the software maker’s stock worth $50,552,000 after acquiring an additional 22,290 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Workday by 10.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 4,424 shares of the software maker’s stock worth $965,000 after buying an additional 408 shares during the period. Amalgamated Bank grew its holdings in shares of Workday by 3.3% during the second quarter. Amalgamated Bank now owns 14,306 shares of the software maker’s stock valued at $3,198,000 after buying an additional 455 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Workday by 60.9% during the second quarter. Brighton Jones LLC now owns 1,260 shares of the software maker’s stock valued at $282,000 after buying an additional 477 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Workday by 11.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,361 shares of the software maker’s stock valued at $304,000 after acquiring an additional 136 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.4 %

Shares of WDAY opened at $249.64 on Tuesday. 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 firm has a 50-day moving average price of $262.40 and a 200 day moving average price of $246.94. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market capitalization of $66.40 billion, a P/E ratio of 41.40, a P/E/G ratio of 4.51 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares of the company’s stock, valued at $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 70,003 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 in the last quarter. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank began coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. Piper Sandler reiterated a “neutral” rating and issued a $270.00 target price (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Mizuho upped their price objective on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley increased their price target on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $292.25.

Workday Profile

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.