Fort Washington Investment Advisors Inc. OH Grows Position in Workday, Inc. $WDAY

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,449 shares of the software maker’s stock after acquiring an additional 20,594 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.16% of Workday worth $91,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Workday during the third quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in Workday in the 3rd quarter worth approximately $30,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Workday in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $136.82, for a total transaction of $14,708,150.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $14,372,804.18. This represents a 50.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the transaction, the chief accounting officer owned 35,336 shares in the company, valued at approximately $7,405,012.16. The trade was a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 765,036 shares of company stock worth $113,952,492. Insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $127.97 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $32.89 billion, a PE ratio of 49.60, a PEG ratio of 1.23 and a beta of 1.16. The company’s fifty day moving average is $151.67 and its 200 day moving average is $200.02. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on WDAY. Royal Bank Of Canada lowered their price objective on shares of Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Robert W. Baird set a $195.00 target price on shares of Workday in a research report on Tuesday, February 24th. Morgan Stanley lowered their price target on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. TD Cowen lowered Workday from a “buy” rating to a “hold” rating and set a $155.00 price target for the company. in a research note on Wednesday, February 25th. Finally, Citigroup cut their price objective on Workday from $247.00 to $148.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.71.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.