Mirador Capital Partners LP Has $3.60 Million Position in Workday, Inc. (NASDAQ:WDAY)

Mirador Capital Partners LP boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 21.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,940 shares of the software maker’s stock after buying an additional 2,417 shares during the quarter. Mirador Capital Partners LP’s holdings in Workday were worth $3,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter valued at about $26,000. Goodman Advisory Group LLC acquired a new position in shares of Workday in the 2nd quarter valued at about $35,000. Meeder Asset Management Inc. lifted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. New Millennium Group LLC lifted its stake in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after purchasing an additional 94 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Workday stock opened at $249.52 on Thursday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The business has a 50-day simple moving average of $262.75 and a 200 day simple moving average of $246.44. 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 $66.37 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 4.51 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. On average, research analysts forecast that Workday, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Mizuho raised their price objective on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada raised their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Bank of America reduced their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $270.00 price objective (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and an average price target of $292.25.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 438,819 shares of company stock valued at $113,142,592. Insiders own 20.00% of the company’s stock.

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.