Sequoia Financial Advisors LLC Has $824,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Sequoia Financial Advisors LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,193 shares of the software maker’s stock after buying an additional 632 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Workday were worth $824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Raymond James Financial Inc. acquired a new stake in shares of Workday in the fourth quarter valued at $194,679,000. Two Sigma Advisers LP increased its stake in shares of Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock valued at $350,921,000 after buying an additional 524,799 shares in the last quarter. KBC Group NV increased its stake in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Redburn Atlantic assumed coverage on Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Mizuho lifted their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their price objective on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Citigroup lowered their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Oppenheimer lifted their price objective on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. This trade represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 435,829 shares of company stock worth $113,033,319. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Up 2.9 %

NASDAQ WDAY opened at $244.17 on Monday. The stock has a market capitalization of $64.95 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.55 and a beta of 1.38. The stock’s 50 day moving average price is $256.91 and its two-hundred day moving average price is $255.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal 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.