Hantz Financial Services Inc. Has $8.34 Million Stock Holdings in Workday, Inc. $WDAY

Hantz Financial Services Inc. lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 52.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 large investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its holdings in shares of Workday by 1.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after acquiring an additional 45 shares in the last quarter. Perennial Investment Advisors LLC grew its holdings 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 purchasing an additional 48 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Workday by 2.3% in the second quarter. Johnson Investment Counsel Inc. now owns 2,201 shares of the software maker’s stock valued at $528,000 after buying an additional 49 shares in the last quarter. Bay Harbor Wealth Management LLC raised its holdings in shares of Workday by 12.0% in the third quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after buying an additional 49 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Workday by 1.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock worth $994,000 after buying an additional 49 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WDAY. Citigroup lowered their price objective on shares of Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Wells Fargo & Company decreased their price target on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Loop Capital set a $280.00 price objective on shares of Workday in a research report on Wednesday, December 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Finally, UBS Group set a $260.00 target price on Workday in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $277.00.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at $33,224,232.50. This represents a 3.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.00, for a total transaction of $656,250.00. Following the transaction, the chief executive officer directly owned 17,097 shares in the company, valued at $3,590,370. The trade was a 15.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 370,321 shares of company stock worth $78,866,401. 19.31% of the stock is owned by company insiders.

Workday Stock Performance

Shares of Workday stock 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 stock has a market capitalization of $44.75 billion, a price-to-earnings ratio of 71.49, a PEG ratio of 1.38 and a beta of 1.13. The firm has a fifty day moving average of $204.95 and a two-hundred day moving average of $222.17.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

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.