Workday, Inc. (NASDAQ:WDAY) Shares Bought by Swedbank AB

Swedbank AB raised its stake in Workday, Inc. (NASDAQ:WDAY) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,847 shares of the software maker’s stock after purchasing an additional 1,668 shares during the quarter. Swedbank AB’s holdings in Workday were worth $20,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Meeder Asset Management Inc. raised its holdings in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 43 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Workday by 1.0% in the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after purchasing an additional 47 shares during the period. Opal Wealth Advisors LLC grew its holdings in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after purchasing an additional 47 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its holdings in Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $22,990,500. This trade represents a 7.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 359,954 shares of company stock valued at $88,742,132 in the last quarter. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Performance

WDAY opened at $267.69 on Tuesday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The stock has a market cap of $70.94 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 5.31 and a beta of 1.35. The business’s 50 day moving average is $248.08 and its 200-day moving average is $237.05. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Stifel Nicolaus increased their price target on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Morgan Stanley dropped their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Citigroup reduced their target price on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Finally, Evercore ISI dropped their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.46.

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.