Fort Washington Investment Advisors Inc. OH Has $97.46 Million Stock Position in Workday, Inc. $WDAY

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 404,855 shares of the software maker’s stock after purchasing an additional 18,347 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Workday were worth $97,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Norges Bank bought a new position in shares of Workday in the second quarter worth about $442,702,000. Generation Investment Management LLP grew its holdings in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after purchasing an additional 778,301 shares during the last quarter. AQR Capital Management LLC increased its position in Workday by 415.6% during the 2nd quarter. AQR Capital Management LLC now owns 675,148 shares of the software maker’s stock worth $162,036,000 after purchasing an additional 544,192 shares in the last quarter. Vanguard Group Inc. increased its position in Workday by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after purchasing an additional 515,529 shares in the last quarter. Finally, Fernbridge Capital Management LP lifted its stake in Workday by 58.6% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,241,380 shares of the software maker’s stock valued at $297,931,000 after purchasing an additional 458,598 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Rosenblatt Securities initiated coverage on shares of Workday in a research note on Tuesday, December 2nd. They set a “neutral” rating and a $235.00 target price on the stock. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $220.00 to $235.00 in a research report on Wednesday, September 17th. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a report on Wednesday, November 26th. Sanford C. Bernstein cut their price target on Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Loop Capital set a $280.00 price target on Workday in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

Workday Stock Down 0.8%

Shares of WDAY opened at $218.99 on Tuesday. The stock’s 50-day moving average price is $224.95 and its two-hundred day moving average price is $230.15. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $283.68. The company has a market capitalization of $57.59 billion, a PE ratio of 92.01, a PEG ratio of 2.49 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. On average, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 82,025 shares of Workday stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $212.19, for a total transaction of $17,404,884.75. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $22,290,347.31. This trade represents a 43.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 347,216 shares of company stock worth $76,579,774. 20.00% of the stock is owned by insiders.

Workday 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.