Mirabella Financial Services LLP Has $1.26 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Mirabella Financial Services LLP reduced its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,896 shares of the software maker's stock after selling 4,896 shares during the period. Mirabella Financial Services LLP's holdings in Workday were worth $1,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Workday in the third quarter valued at approximately $2,289,000. Anchor Investment Management LLC increased its holdings in shares of Workday by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker's stock worth $1,552,000 after purchasing an additional 368 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Workday during the third quarter valued at about $4,893,000. Tidal Investments LLC lifted its stake in shares of Workday by 43.8% in the third quarter. Tidal Investments LLC now owns 13,546 shares of the software maker's stock valued at $3,311,000 after buying an additional 4,128 shares during the period. Finally, Synovus Financial Corp grew its position in Workday by 5.7% during the third quarter. Synovus Financial Corp now owns 19,590 shares of the software maker's stock worth $4,788,000 after buying an additional 1,051 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 20.00% of the company's stock.

Workday Trading Up 5.3 %

WDAY stock traded up $12.00 during midday trading on Thursday, hitting $236.87. 1,685,062 shares of the company's stock were exchanged, compared to its average volume of 2,629,536. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock's fifty day moving average price is $241.68 and its 200-day moving average price is $251.76. The company has a market cap of $63.01 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WDAY shares. Scotiabank reduced their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and lifted their target price for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Jefferies Financial Group dropped their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Monday, March 31st. JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price objective on shares of Workday in a report on Thursday, February 6th. Finally, KeyCorp upped their target price on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.86.

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.