Hartford Funds Management Co LLC Buys 127 Shares of Workday, Inc. (NASDAQ:WDAY)

Hartford Funds Management Co LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,809 shares of the software maker’s stock after purchasing an additional 127 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Workday were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WDAY. Savant Capital LLC bought a new position in shares of Workday in the fourth quarter worth approximately $743,000. Brighton Jones LLC purchased a new position in Workday in the 4th quarter worth approximately $266,000. Mission Wealth Management LP raised its holdings in Workday by 3.8% in the 4th quarter. Mission Wealth Management LP now owns 6,848 shares of the software maker’s stock worth $1,890,000 after acquiring an additional 251 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Workday by 20.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,229 shares of the software maker’s stock valued at $615,000 after acquiring an additional 374 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Workday by 1.9% during the 4th quarter. Van ECK Associates Corp now owns 5,230 shares of the software maker’s stock valued at $1,444,000 after purchasing an additional 98 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock worth $117,731,569 over the last quarter. Company insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on WDAY shares. Wells Fargo & Company boosted their price target on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Citigroup raised their price target on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Barclays decreased their price objective on shares of Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus raised their target price on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Trading Down 1.6 %

NASDAQ:WDAY traded down $4.04 during mid-day trading on Tuesday, hitting $244.73. 2,674,113 shares of the stock traded hands, compared to its average volume of 1,776,761. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $64.61 billion, a price-to-earnings ratio of 47.52, a PEG ratio of 6.27 and a beta of 1.32. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The firm’s 50 day moving average is $271.27 and its two-hundred day moving average is $264.80.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company earned ($0.14) EPS. Workday’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

About Workday

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.