Huntington National Bank Acquires 579 Shares of Workday, Inc. (NASDAQ:WDAY)

Huntington National Bank boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,709 shares of the software maker’s stock after purchasing an additional 579 shares during the period. Huntington National Bank’s holdings in Workday were worth $441,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Simplicity Wealth LLC grew its stake in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after buying an additional 37 shares during the last quarter. Marcum Wealth LLC raised its stake in Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after buying an additional 41 shares during the last quarter. Custom Index Systems LLC boosted its stake in shares of Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after buying an additional 41 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in shares of Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares during the period. Finally, Ashton Thomas Securities LLC raised its position in Workday by 3.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock worth $385,000 after acquiring an additional 46 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Down 4.9 %

Workday stock opened at $217.14 on Friday. The company’s 50-day moving average price is $254.30 and its two-hundred day moving average price is $254.04. The stock has a market cap of $57.76 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group reduced their target price on Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Monday, March 31st. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $300.18.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.87, for a total value of $14,216,720.00. Following the completion of the transaction, the insider now owns 116,000 shares in the company, valued at $29,448,920. This trade represents a 32.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the sale, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at $2,544,814.67. This represents a 22.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,441 shares of company stock worth $108,901,692. 20.00% of the stock is owned by 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.