Hantz Financial Services Inc. Sells 38,605 Shares of Workday, Inc. $WDAY

Hantz Financial Services Inc. reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 52.7% in the 3rd quarter, Holdings Channel reports. The fund owned 34,649 shares of the software maker’s stock after selling 38,605 shares during the quarter. Hantz Financial Services Inc.’s holdings in Workday were worth $8,341,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDAY. Verdence Capital Advisors LLC increased its stake in Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 45 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after acquiring an additional 48 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Workday by 2.3% during the second quarter. Johnson Investment Counsel Inc. now owns 2,201 shares of the software maker’s stock worth $528,000 after acquiring an additional 49 shares during the period. Bay Harbor Wealth Management LLC raised its holdings in shares of Workday by 12.0% during the third quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock worth $110,000 after acquiring an additional 49 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Workday by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the transaction, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the transaction, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 370,321 shares of company stock worth $78,866,401. 19.31% of the stock is currently owned by corporate insiders.

Workday Trading Up 5.6%

Shares of NASDAQ:WDAY opened at $170.15 on Thursday. Workday, Inc. has a 52-week low of $156.87 and a 52-week high of $283.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $44.75 billion, a P/E ratio of 71.49, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. The company has a 50-day simple moving average of $204.95 and a 200 day simple moving average of $222.17.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent research reports. Guggenheim reissued a “buy” rating and issued a $285.00 price target on shares of Workday in a research note on Wednesday, November 26th. TD Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. JPMorgan Chase & Co. dropped their target price on Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Wells Fargo & Company reduced their price target on Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Sanford C. Bernstein decreased their target price on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $277.00.

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.