Generali Asset Management SPA SGR Grows Stock Holdings in Workday, Inc. $WDAY

Generali Asset Management SPA SGR raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 31.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,206 shares of the software maker’s stock after acquiring an additional 6,480 shares during the period. Generali Asset Management SPA SGR’s holdings in Workday were worth $5,843,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WDAY. First Eagle Investment Management LLC purchased a new stake in Workday in the 3rd quarter valued at about $556,252,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Workday during the 3rd quarter worth about $1,805,000. Phoenix Financial Ltd. purchased a new position in shares of Workday during the 3rd quarter worth about $2,000,000. Rakuten Investment Management Inc. purchased a new position in shares of Workday during the 3rd quarter worth about $124,718,000. Finally, EULAV Asset Management boosted its position in shares of Workday by 69.4% in the third quarter. EULAV Asset Management now owns 61,000 shares of the software maker’s stock worth $14,685,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 2.3%

Shares of WDAY stock opened at $127.83 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $276.00. The firm’s 50 day moving average price is $129.72 and its two-hundred day moving average price is $177.74. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts anticipate that Workday, Inc. will post 5.11 EPS for the current year.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 1,585 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $113.05, for a total value of $179,184.25. Following the transaction, the chief accounting officer directly owned 31,467 shares of the company’s stock, valued at $3,557,344.35. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $112.33, for a total value of $12,075,475.00. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $11,800,154.17. This represents a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 989,814 shares of company stock worth $131,576,291 in the last quarter. 19.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WDAY. Oppenheimer dropped their price target on shares of Workday from $200.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. TD Cowen lowered shares of Workday from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a report on Wednesday, February 25th. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research note on Monday, February 9th. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Nineteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.