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Hartford Funds and Rathbones reduced their Workday stakes despite strong earnings and solid financials.
Hartford Funds and Rathbones Group both reduced their stakes in Workday, Inc. during the second quarter, with Rathbones selling 4,193 shares.
The company reported strong earnings on August 21, posting $2.21 per share, beating estimates by $0.12, and generating $2.35 billion in revenue, up 12.6% year-over-year.
Workday, a cloud-based enterprise software provider, has a market cap of $60.12 billion and a "Moderate Buy" analyst rating with a $287.86 target.
Insiders sold 264,933 shares in the past 90 days, totaling $61.48 million, though they still hold 20% of the company.
The stock trades around $225.17 with solid financial health, including a debt-to-equity ratio of 0.33 and current and quick ratios of 2.10.
Hartford Funds y Rathbones redujeron sus apuestas de Workday a pesar de fuertes ganancias y sólidas finanzas.