Workday, Inc. $WDAY Stake Reduced by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 86.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365 shares of the software maker’s stock after selling 2,402 shares during the period. Hartford Funds Management Co LLC’s holdings in Workday were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dagco Inc. bought a new stake in shares of Workday during the 1st quarter worth $31,000. Golden State Wealth Management LLC raised its holdings in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the period. BankPlus Trust Department purchased a new stake in shares of Workday in the 1st quarter valued at approximately $40,000. Physician Wealth Advisors Inc. acquired a new stake in Workday during the 2nd quarter valued at $42,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 264,933 shares of company stock valued at $61,475,760 in the last quarter. 20.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

WDAY has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 17th. Bank of America dropped their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Wells Fargo & Company decreased their target price on shares of Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Finally, Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.86.

Workday Stock Up 0.3%

WDAY stock opened at $225.17 on Monday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $60.12 billion, a price-to-earnings ratio of 104.25, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. The company has a 50-day moving average of $234.83 and a two-hundred day moving average of $238.39.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.