Sava Infond d.o.o. Acquires 2,900 Shares of Workday, Inc. $WDAY

Sava Infond d.o.o. grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 16.9% during the 2nd quarter, Holdings Channel reports. The fund owned 20,100 shares of the software maker’s stock after buying an additional 2,900 shares during the period. Workday comprises 0.8% of Sava Infond d.o.o.’s portfolio, making the stock its 28th biggest holding. Sava Infond d.o.o.’s holdings in Workday were worth $4,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Workday by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Workday by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares during the period. Finally, Parnassus Investments LLC raised its position in shares of Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total value of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 78,564 shares of Workday stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,254 shares of company stock worth $58,996,376. Insiders own 19.31% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $236.48 on Friday. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The stock has a market capitalization of $63.14 billion, a P/E ratio of 109.48, a PEG ratio of 2.89 and a beta of 1.10. The firm has a fifty day simple moving average of $230.06 and a two-hundred day simple moving average of $237.48. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on WDAY shares. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 price objective on shares of Workday in a research report on Wednesday, September 17th. TD Cowen decreased their price objective on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. KeyCorp reduced their price target on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. UBS Group set a $304.00 price target on shares of Workday in a report on Friday, August 22nd. Finally, DA Davidson lifted their price target on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

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.