Hantz Financial Services Inc. Has $19.36 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Hantz Financial Services Inc. lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 40.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 79,219 shares of the software maker’s stock after buying an additional 22,922 shares during the period. Hantz Financial Services Inc.’s holdings in Workday were worth $19,362,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Partners LLC boosted its stake in Workday by 3,717.9% in the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after buying an additional 3,123 shares in the last quarter. Grafton Street Partners Fund LP bought a new position in Workday in the third quarter valued at about $4,424,000. ICICI Prudential Asset Management Co Ltd raised its position in Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after purchasing an additional 7,802 shares during the last quarter. Legal & General Group Plc raised its position in Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after purchasing an additional 118,180 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after acquiring an additional 7,175 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Shares of Workday stock opened at $253.40 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock’s fifty day moving average is $248.74 and its 200 day moving average is $237.44. The stock has a market cap of $67.15 billion, a P/E ratio of 42.02, a P/E/G ratio of 5.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. Sell-side analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WDAY. Morgan Stanley lifted their target price on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup dropped their price target on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Scotiabank assumed coverage on Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. Finally, Barclays lowered their target price on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.14.

Insider Buying and Selling at Workday

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 359,954 shares of company stock valued at $88,742,132 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

Workday Company 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.