Fort Washington Investment Advisors Inc. OH Has $98.85 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 383,078 shares of the software maker’s stock after selling 5,320 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Workday were worth $98,846,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WDAY. Dimensional Fund Advisors LP boosted its position in Workday by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 226,117 shares of the software maker’s stock worth $50,552,000 after acquiring an additional 22,290 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Workday by 10.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,424 shares of the software maker’s stock worth $965,000 after purchasing an additional 408 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Workday by 3.3% during the second quarter. Amalgamated Bank now owns 14,306 shares of the software maker’s stock worth $3,198,000 after purchasing an additional 455 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Workday by 11.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,361 shares of the software maker’s stock worth $304,000 after purchasing an additional 136 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Workday by 79.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the software maker’s stock valued at $254,000 after purchasing an additional 496 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the sale, the insider now owns 284,000 shares in the company, valued at $78,188,040. The trade was a 16.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 in the last 90 days. 20.00% of the stock is currently owned by insiders.

Workday Stock Up 0.4 %

Shares of WDAY opened at $250.72 on Wednesday. The company has a market capitalization of $66.69 billion, a P/E ratio of 41.58, a PEG ratio of 4.51 and a beta of 1.34. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business’s 50 day simple moving average is $262.11 and its 200-day simple moving average is $247.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Monday, November 25th. Loop Capital cut their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $292.25.

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.