Lyell Wealth Management LP Has $22.61 Million Holdings in Workday, Inc. $WDAY

Lyell Wealth Management LP increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,187 shares of the software maker’s stock after acquiring an additional 940 shares during the quarter. Workday accounts for about 1.8% of Lyell Wealth Management LP’s holdings, making the stock its 12th largest position. Lyell Wealth Management LP’s holdings in Workday were worth $22,605,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after acquiring an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC grew its position in Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

WDAY stock opened at $234.25 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $62.54 billion, a price-to-earnings ratio of 108.45, a P/E/G ratio of 2.92 and a beta of 1.10. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The firm has a 50 day moving average of $231.31 and a two-hundred day moving average of $236.82.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WDAY shares. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research raised shares of Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. UBS Group set a $304.00 price objective on shares of Workday in a research report on Friday, August 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 1,915 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares of the company’s stock, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock worth $61,475,760 in the last quarter. 20.00% of the stock is owned by corporate insiders.

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.