Sava Infond d.o.o. Increases Position in Workday, Inc. $WDAY

Key Points

• Sava Infond d.o.o. increased its stake in Workday, Inc. by 16.9% in Q2, now holding 20,100 shares worth approximately $4.8 million.
• Workday reported a quarterly EPS of $2.21, exceeding analysts' estimates, and had revenue of $2.35 billion, marking a 12.6% year-over-year increase.
• Insider trading revealed that CEO Carl M. Eschenbach sold 6,250 shares, reducing his ownership by 23.61%, while CFO Zane Rowe also sold 6,000 shares.

Sava Infond d.o.o. increased its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 16.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,100 shares of the software maker's stock after acquiring an additional 2,900 shares during the period. Workday comprises approximately 0.8% of Sava Infond d.o.o.'s portfolio, making the stock its 28th largest position. Sava Infond d.o.o.'s holdings in Workday were worth $4,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after buying an additional 42 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Workday by 15.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after buying an additional 46 shares in the last quarter. AE Wealth Management LLC raised its stake in Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after buying an additional 46 shares in the last quarter. Bristlecone Advisors LLC raised its stake in Workday by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock worth $693,000 after buying an additional 47 shares in the last quarter. Finally, Equitable Trust Co. raised its stake in Workday by 4.0% in the first quarter. Equitable Trust Co. now owns 1,257 shares of the software maker's stock worth $294,000 after buying an additional 48 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Trading Up 1.9%

NASDAQ:WDAY opened at $236.48 on Friday. The company's 50 day moving average price is $230.06 and its 200-day moving average price is $237.48. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market cap of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.89 and a beta of 1.10.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the company posted $1.75 earnings per share. The firm's quarterly 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, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total value of $1,484,500.00. Following the transaction, the chief executive officer directly owned 20,222 shares in the company, valued at approximately $4,803,129.44. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 253,254 shares of company stock valued at $58,996,376 in the last ninety days. Corporate insiders own 19.31% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WDAY. Oppenheimer decreased their price target on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company decreased their price target on shares of Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. KeyCorp decreased their price target on shares of Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $340.00 price objective on shares of Workday in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and an average target price of $287.83.

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.

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