Sequoia Financial Advisors LLC Sells 160 Shares of Workday, Inc. $WDAY

Sequoia Financial Advisors LLC lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,372 shares of the software maker’s stock after selling 160 shares during the period. Sequoia Financial Advisors LLC’s holdings in Workday were worth $809,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in Workday by 5.0% in the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock worth $5,288,000 after purchasing an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in Workday by 13.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock worth $265,000 after purchasing an additional 139 shares in the last quarter. Chicago Capital LLC raised its position in Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after purchasing an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Workday by 33.8% in the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock worth $7,486,000 after purchasing an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Workday by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on WDAY shares. Bank of America dropped their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Evercore ISI raised their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Guggenheim raised shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price objective for the company in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Insiders Place Their Bets

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 1,915 shares of Workday stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total transaction of $457,608.40. Following the transaction, the chief accounting officer directly owned 37,351 shares in the company, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock valued at $61,475,760 over the last quarter. Company insiders own 19.31% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $234.25 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $62.54 billion, a P/E ratio of 108.45, a P/E/G ratio of 2.92 and a beta of 1.10. The firm has a 50 day simple moving average of $231.31 and a 200 day simple moving average of $236.76. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts predict 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.