Hartford Funds Management Co LLC Acquires 132 Shares of Workday, Inc. (NASDAQ:WDAY)

Hartford Funds Management Co LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,281 shares of the software maker’s stock after purchasing an additional 132 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Workday were worth $589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. Janney Montgomery Scott LLC increased its stake in Workday by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,228 shares of the software maker’s stock valued at $4,700,000 after purchasing an additional 2,076 shares in the last quarter. QRG Capital Management Inc. increased its stake in Workday by 14.4% during the 3rd quarter. QRG Capital Management Inc. now owns 7,170 shares of the software maker’s stock valued at $1,752,000 after purchasing an additional 905 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in Workday during the 3rd quarter valued at $307,000. Concurrent Investment Advisors LLC increased its stake in Workday by 31.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,879 shares of the software maker’s stock valued at $459,000 after purchasing an additional 452 shares in the last quarter. Finally, Graypoint LLC increased its stake in Workday by 19.8% during the 3rd quarter. Graypoint LLC now owns 2,516 shares of the software maker’s stock valued at $615,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WDAY. Bank of America cut their price objective on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Loop Capital lifted their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Barclays cut their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Trading Down 2.3 %

Shares of WDAY opened at $253.76 on Friday. The business’s 50-day moving average price is $258.67 and its 200-day moving average price is $255.48. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The stock has a market cap of $67.50 billion, a PE ratio of 42.08, a P/E/G ratio of 3.55 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock worth $113,033,319 over the last ninety days. Company insiders own 20.00% of the company’s stock.

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.