Swedbank AB Takes Position in Workday, Inc. (NASDAQ:WDAY) (2024)

Swedbank AB purchased a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 80,316 shares of the software maker's stock, valued at approximately $21,906,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC purchased a new stake in Workday in the 1st quarter valued at approximately $27,000. Sound Income Strategies LLC lifted its stake in Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker's stock valued at $31,000 after buying an additional 49 shares in the last quarter. Friedenthal Financial purchased a new stake in Workday in the 4th quarter valued at approximately $43,000. VisionPoint Advisory Group LLC lifted its stake in Workday by 27.6% in the 4th quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker's stock valued at $43,000 after buying an additional 34 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Workday by 57.0% in the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker's stock valued at $43,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Down 3.5 %

Shares of Workday stock traded down $7.72 during trading hours on Friday, hitting $214.86. 2,456,516 shares of the company's stock traded hands, compared to its average volume of 1,822,007. The stock has a 50 day simple moving average of $220.32 and a 200-day simple moving average of $255.19. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $56.94 billion, a PE ratio of 38.71, a PEG ratio of 5.61 and a beta of 1.35. Workday, Inc. has a twelve month low of $202.01 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the company posted $0.16 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Equities research analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the transaction, the insider now owns 204,066 shares of the company's stock, valued at $43,759,913.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the transaction, the insider now owns 204,066 shares of the company's stock, valued at $43,759,913.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 82,762 shares of the firm's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 524,672 shares of company stock valued at $115,938,834. Insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WDAY shares. Stifel Nicolaus reduced their target price on Workday from $290.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 24th. Robert W. Baird reduced their price target on Workday from $316.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 24th. Citigroup reduced their price target on Workday from $293.00 to $255.00 and set a "neutral" rating on the stock in a research note on Friday, May 24th. Needham & Company LLC reissued a "buy" rating and set a $350.00 price target on shares of Workday in a research note on Friday, May 24th. Finally, UBS Group reduced their price target on Workday from $280.00 to $255.00 and set a "neutral" rating on the stock in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and an average target price of $281.44.

Read Our Latest Analysis on WDAY

Workday Profile

(Free Report)

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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