Fort Washington Investment Advisors Inc. OH Boosts Stake in Workday, Inc. $WDAY

Fort Washington Investment Advisors Inc. OH lifted its position in Workday, Inc. (NASDAQ:WDAY) by 21.6% in the 1st quarter, Holdings Channel reports. The fund owned 517,349 shares of the software maker’s stock after acquiring an additional 91,900 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Workday were worth $67,214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the third quarter valued at $26,000. DT Investment Partners LLC bought a new stake in shares of Workday during the 4th quarter valued at $27,000. LRI Investments LLC bought a new stake in shares of Workday during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Workday in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $124.21 on Friday. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The company has a market capitalization of $30.68 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The firm has a 50 day moving average of $127.46 and a 200 day moving average of $153.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. As a group, equities research analysts anticipate that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 1,585 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $113.05, for a total transaction of $179,184.25. Following the sale, the chief accounting officer directly owned 31,467 shares of the company’s stock, valued at $3,557,344.35. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total transaction of $769,320.00. Following the transaction, the chief financial officer owned 217,930 shares in the company, valued at $27,942,984.60. This represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 774,814 shares of company stock valued at $99,846,591 over the last three months. 18.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on WDAY. BMO Capital Markets reiterated an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Citigroup restated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Workday in a report on Wednesday, June 17th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $216.00 price target on shares of Workday in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.00.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Investors appear to be re-rating Workday after its latest quarterly results showed solid revenue growth, stronger-than-expected earnings, and an increased full-year operating margin outlook, reinforcing confidence in the company’s execution and demand trends.
• Positive Sentiment: Workday’s AI and data-platform efforts are helping sentiment, including its AWS Data Cloud integration and broader AI product push, which may support future growth as enterprises spend more on AI-enabled software.
• Positive Sentiment: A market rotation into software has also lifted shares, with investors favoring names like Workday over semiconductors in the latest move across the market.
• Positive Sentiment: Wall Street sentiment has improved, highlighted by Monness Crespi & Hardt upgrading Workday to buy with a $150 price target, adding to a generally constructive analyst backdrop.
• Neutral Sentiment: Recent insider selling by major shareholder David Duffield was disclosed under a pre-arranged trading plan, which may limit its significance for day-to-day trading but is still something investors may watch.
• Negative Sentiment: Workday continues to face a lawsuit tied to alleged AI bias in job-screening tools, creating a legal overhang that could temper enthusiasm if the case escalates.

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.