Fifth Third Wealth Advisors LLC Takes $545,000 Position in Workday, Inc. (NASDAQ:WDAY)

Fifth Third Wealth Advisors LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,112 shares of the software maker’s stock, valued at approximately $545,000.

Other institutional investors have also made changes to their positions in the company. Marcum Wealth LLC grew its position in Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after acquiring an additional 41 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Workday by 0.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 43 shares during the last quarter. Opal Wealth Advisors LLC increased its position in shares of Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after purchasing an additional 47 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Workday by 1.3% during the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after purchasing an additional 48 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Up 0.9 %

NASDAQ WDAY opened at $250.70 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $66.69 billion, a P/E ratio of 41.58, a P/E/G ratio of 4.51 and a beta of 1.34. The stock’s 50-day moving average is $262.69 and its 200-day moving average is $246.45.

Workday (NASDAQ:WDAYGet Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company posted $0.47 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock worth $113,142,592 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WDAY shares. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Monday, November 25th. Wells Fargo & Company lifted their price objective on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Bank of America decreased their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Loop Capital cut their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Finally, Oppenheimer reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $292.25.

View Our Latest Stock Analysis on WDAY

Workday Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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