Workday, Inc. (NASDAQ:WDAY) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,523 shares of the software maker’s stock after selling 258 shares during the quarter. Mirador Capital Partners LP’s holdings in Workday were worth $2,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. raised its holdings in Workday by 4.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after buying an additional 39 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Workday by 4.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock valued at $281,000 after acquiring an additional 43 shares during the period. Diversified Trust Co raised its holdings in shares of Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after acquiring an additional 47 shares during the period. Mesirow Financial Investment Management Inc. lifted its position in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after acquiring an additional 48 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after purchasing an additional 49 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

Shares of Workday stock traded up $1.41 during trading on Friday, reaching $242.35. The company’s stock had a trading volume of 1,621,609 shares, compared to its average volume of 2,180,255. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $64.22 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The business’s fifty day moving average price is $240.30 and its 200-day moving average price is $240.54.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 76,376 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.74, for a total transaction of $17,317,494.24. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $23,353,539.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 76,376 shares of Workday stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $226.74, for a total transaction of $17,317,494.24. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $23,353,539.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $229.32, for a total value of $12,841,920.00. Following the completion of the transaction, the insider now owns 562,000 shares of the company’s stock, valued at $128,877,840. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 389,123 shares of company stock valued at $94,376,699 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WDAY. Guggenheim restated a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Loop Capital upped their target price on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Needham & Company LLC decreased their price target on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Bank of America boosted their price objective on shares of Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.