Mirador Capital Partners LP Purchases 2,417 Shares of Workday, Inc. (NASDAQ:WDAY)

Mirador Capital Partners LP grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,940 shares of the software maker's stock after purchasing an additional 2,417 shares during the period. Mirador Capital Partners LP's holdings in Workday were worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new stake in shares of Workday during the third quarter worth $26,000. Goodman Advisory Group LLC acquired a new stake in Workday during the 2nd quarter worth about $35,000. Meeder Asset Management Inc. lifted its stake in Workday by 42.2% during the third 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 in the last quarter. New Millennium Group LLC lifted its stake in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after buying an additional 94 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. Oppenheimer restated an "outperform" rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Loop Capital reduced their target price on Workday from $270.00 to $242.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Piper Sandler reiterated a "neutral" rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a report on Wednesday, November 27th. Barclays dropped their price target on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Finally, StockNews.com cut Workday from a "buy" rating to a "hold" rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $292.25.

Workday Stock Performance

Shares of Workday stock traded up $2.13 on Thursday, reaching $250.70. The stock had a trading volume of 1,683,646 shares, compared to its average volume of 2,119,104. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The business's 50-day moving average price is $262.69 and its two-hundred day moving average price is $246.45. The stock has a market cap of $66.69 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

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

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the sale, the insider now directly owns 60,000 shares of the company's stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 in the last 90 days. 20.00% of the stock is currently owned by insiders.

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.