Workday, Inc. (NASDAQ:WDAY) Stake Cut by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 48.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,493 shares of the software maker's stock after selling 1,419 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Workday were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in shares of Workday during the fourth quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Workday during the 3rd quarter worth approximately $26,000. Crews Bank & Trust acquired a new position in shares of Workday in the 4th quarter valued at approximately $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $26,729,781.44. This represents a 39.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 435,829 shares of company stock worth $113,033,319 in the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

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Workday Price Performance

WDAY traded down $0.07 during trading on Tuesday, reaching $242.93. The stock had a trading volume of 2,838,178 shares, compared to its average volume of 2,423,337. The stock has a 50 day moving average of $257.71 and a two-hundred day moving average of $255.90. 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 firm has a market capitalization of $64.62 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Workday from $270.00 to $310.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. Royal Bank of Canada upped their target price on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. KeyCorp lifted their price target on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Citigroup cut their price objective on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Loop Capital lifted their target price on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research report on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $302.14.

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.