Sava Infond d.o.o. Invests $4.44 Million in Workday, Inc. (NASDAQ:WDAY)

Sava Infond d.o.o. purchased a new position in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,200 shares of the software maker’s stock, valued at approximately $4,438,000. Workday comprises 0.8% of Sava Infond d.o.o.’s investment portfolio, making the stock its 25th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of Workday in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the 4th quarter valued at about $26,000. Avion Wealth lifted its position in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC bought a new position in shares of Workday during the fourth quarter valued at approximately $35,000. Finally, True Wealth Design LLC increased its holdings in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now directly owns 75,000 shares of the company’s stock, valued at approximately $18,099,750. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 70,144 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total value of $17,554,237.44. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $25,776,029.22. This represents a 40.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 487,145 shares of company stock worth $123,289,438 in the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WDAY. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Piper Sandler upped their price target on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. UBS Group raised their price objective on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average price target of $300.36.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $250.79 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $66.71 billion, a PE ratio of 41.59, a P/E/G ratio of 3.55 and a beta of 1.38. The stock has a 50 day simple moving average of $257.01 and a 200-day simple moving average of $255.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS 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.