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

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Workday, Inc. by 0.9%, owning approximately 386,508 shares valued at around $92.76 million as of the end of the second quarter.
• Wall Street analysts have varying opinions on Workday's stock, with target price updates from Piper Sandler increasing it from $220 to $235 and Evercore ISI raising it from $275 to $300, indicating a generally optimistic outlook.
• Workday reported earnings of $2.21 per share for the last quarter, beating analysts' estimates, and its total revenue grew by 12.6% year-over-year, reflecting strong financial performance.

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,508 shares of the software maker's stock after purchasing an additional 3,445 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of Workday worth $92,762,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after purchasing an additional 42 shares in the last quarter. Salvus Wealth Management LLC boosted its position in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after purchasing an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after purchasing an additional 46 shares in the last quarter. AE Wealth Management LLC boosted its position in Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after purchasing an additional 46 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its position in Workday by 1.6% in the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock worth $693,000 after purchasing an additional 47 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WDAY shares. Piper Sandler upgraded Workday from an "underweight" rating to a "neutral" rating and increased their target price for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Evercore ISI increased their target price on Workday from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Canaccord Genuity Group decreased their target price on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. TD Cowen decreased their target price on Workday from $310.00 to $290.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

Workday Stock Up 1.6%

Shares of WDAY opened at $246.67 on Friday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a market capitalization of $65.86 billion, a PE ratio of 114.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. The stock has a fifty day simple moving average of $230.13 and a two-hundred day simple moving average of $237.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the company earned $1.75 EPS. The company's quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 1,160 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $235.41, for a total transaction of $273,075.60. Following the sale, the insider owned 95,756 shares of the company's stock, valued at approximately $22,541,919.96. This trade represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 326,171 shares of company stock worth $76,432,560. 19.31% of the stock is currently owned by corporate insiders.

Workday 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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.