Fifth Third Bancorp increased its position in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,254 shares of the software maker’s stock after buying an additional 2,225 shares during the period. Fifth Third Bancorp’s holdings in Workday were worth $4,183,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guerra Pan Advisors LLC purchased a new stake in Workday during the 1st quarter worth $242,000. Alta Wealth Advisors LLC increased its stake in Workday by 39.7% during the 1st quarter. Alta Wealth Advisors LLC now owns 5,290 shares of the software maker’s stock worth $1,093,000 after buying an additional 1,502 shares during the period. West Oak Capital LLC purchased a new stake in Workday during the 1st quarter worth $29,000. Forsta AP Fonden increased its stake in Workday by 4.7% during the 1st quarter. Forsta AP Fonden now owns 53,800 shares of the software maker’s stock worth $11,112,000 after buying an additional 2,400 shares during the period. Finally, Stonegate Investment Group LLC grew its holdings in Workday by 0.8% during the 1st quarter. Stonegate Investment Group LLC now owns 7,409 shares of the software maker’s stock worth $1,530,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 67.80% of the company’s stock.
Workday Price Performance
WDAY stock opened at $218.73 on Friday. Workday, Inc. has a 52 week low of $128.72 and a 52 week high of $230.62. The firm’s 50-day moving average is $210.83 and its two-hundred day moving average is $196.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.95 and a current ratio of 1.95.
Insiders Place Their Bets
In other Workday news, insider Sayan Chakraborty sold 329 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $212.37, for a total transaction of $69,869.73. Following the sale, the insider now directly owns 146,520 shares in the company, valued at approximately $31,116,452.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO James Bozzini sold 4,941 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $221.43, for a total value of $1,094,085.63. Following the sale, the chief operating officer now directly owns 139,118 shares in the company, valued at approximately $30,804,898.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 329 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $212.37, for a total transaction of $69,869.73. Following the completion of the sale, the insider now owns 146,520 shares in the company, valued at $31,116,452.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,957 shares of company stock worth $36,069,800. 21.09% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have weighed in on WDAY. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a report on Friday, May 26th. BMO Capital Markets raised their price objective on shares of Workday from $205.00 to $240.00 in a report on Friday, May 26th. Morgan Stanley raised their price objective on shares of Workday from $230.00 to $250.00 in a report on Friday, May 26th. StockNews.com raised shares of Workday from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Finally, Mizuho raised their price objective on shares of Workday from $225.00 to $250.00 in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.
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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.
Featured Articles
- Five stocks we like better than Workday
- MarketBeat Week in Review – 7/3 – 7/7
- Pfizer Just Invested $25 million In This Biotech
- Cracks In The Labor Market? Not Yet, But They’re Coming
- Levi’s: Buy On The Dip Or Downtrend In Play?
- Who Wins And Who Loses With China’s Metal Restrictions
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.
