Sava Infond d.o.o. Takes Position in Workday, Inc. (NASDAQ:WDAY)

Sava Infond d.o.o. acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in WDAY. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Workday by 120.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 350,101 shares of the software maker's stock worth $88,520,000 after acquiring an additional 191,150 shares in the last quarter. Mendel Money Management increased its position in shares of Workday by 9.7% during the fourth quarter. Mendel Money Management now owns 12,838 shares of the software maker's stock worth $3,313,000 after purchasing an additional 1,135 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Workday in the 4th quarter valued at about $933,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Workday by 1.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 230,729 shares of the software maker's stock valued at $59,535,000 after purchasing an additional 4,104 shares during the period. Finally, Keystone Investors PTE Ltd. purchased a new position in Workday during the 4th quarter worth approximately $1,589,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $25,602,994.26. This represents a 41.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 431,145 shares of company stock valued at $108,631,438 over the last 90 days. Corporate insiders own 20.00% of the company's stock.

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Workday Trading Down 2.9 %

Shares of WDAY traded down $6.94 during mid-day trading on Monday, hitting $231.55. The company had a trading volume of 1,231,266 shares, compared to its average volume of 2,517,308. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.59 billion, a PE ratio of 38.46, a P/E/G ratio of 3.55 and a beta of 1.38. The business's 50-day simple moving average is $256.67 and its 200-day simple moving average is $254.82. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price objective on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a report on Wednesday, February 19th. Royal Bank of Canada increased their price target on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Citigroup lowered their price objective on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Finally, Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $300.18.

Workday 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.