Huntington National Bank Sells 91 Shares of Workday, Inc. (NASDAQ:WDAY)

Huntington National Bank reduced its position in Workday, Inc. (NASDAQ:WDAY) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,130 shares of the software maker’s stock after selling 91 shares during the quarter. Huntington National Bank’s holdings in Workday were worth $276,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Plato Investment Management Ltd raised its holdings in shares of Workday by 91.3% in the 3rd quarter. Plato Investment Management Ltd now owns 6,144 shares of the software maker’s stock valued at $1,500,000 after purchasing an additional 2,932 shares in the last quarter. Cable Hill Partners LLC bought a new position in Workday in the third quarter worth approximately $211,000. ICICI Prudential Asset Management Co Ltd raised its stake in Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after buying an additional 7,802 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Workday by 10.6% during the third quarter. Kovack Advisors Inc. now owns 1,412 shares of the software maker’s stock worth $345,000 after buying an additional 135 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in Workday by 37.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 92,140 shares of the software maker’s stock valued at $22,520,000 after acquiring an additional 24,995 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now owns 196,344 shares of the company’s stock, valued at approximately $51,106,379.76. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock worth $91,506,897 in the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Down 4.4 %

Workday stock opened at $259.41 on Friday. The firm has a market cap of $68.74 billion, a PE ratio of 45.19, a P/E/G ratio of 5.39 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock’s 50 day simple moving average is $246.74 and its two-hundred day simple moving average is $236.60. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. Analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. Wells Fargo & Company upped their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. DA Davidson increased their price target on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Morgan Stanley cut their price objective on shares of Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, KeyCorp boosted their target price on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $287.59.

Workday Company Profile

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.