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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Empowered Funds LLC increased its holdings in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the period. Geneos Wealth Management Inc. raised its position in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Workday during the 2nd quarter valued at approximately $281,000. Finally, Global Retirement Partners LLC purchased a new stake in Workday in the 2nd quarter worth approximately $342,000. 89.81% of the stock is owned by institutional investors.

Workday Stock Up 0.7%

Shares of NASDAQ:WDAY opened at $127.97 on Friday. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The firm has a market capitalization of $32.89 billion, a P/E ratio of 49.60, a P/E/G ratio of 1.23 and a beta of 1.16. The stock has a 50 day moving average price of $151.67 and a 200-day moving average price of $200.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WDAY shares. Guggenheim cut their price objective on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Loop Capital set a $210.00 target price on Workday in a report on Thursday, March 12th. UBS Group dropped their price target on Workday from $170.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. BMO Capital Markets cut their price target on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

Insider Buying and Selling at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at $33,224,232.50. This represents a 3.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $14,372,804.18. The trade was a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 765,036 shares of company stock worth $113,952,492. Corporate insiders own 19.31% of the company’s stock.

About Workday

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.