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

Mirador Capital Partners LP boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,940 shares of the software maker’s stock after buying 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its position in Workday by 19.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,764 shares of the software maker’s stock valued at $455,000 after acquiring an additional 285 shares during the period. Connective Portfolio Management LLC acquired a new position in Workday in the fourth quarter worth $310,000. Sendero Wealth Management LLC boosted its stake in Workday by 47.7% in the fourth quarter. Sendero Wealth Management LLC now owns 6,203 shares of the software maker’s stock worth $1,601,000 after purchasing an additional 2,003 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Workday by 9.1% during the fourth quarter. Park Avenue Securities LLC now owns 9,105 shares of the software maker’s stock valued at $2,349,000 after acquiring an additional 760 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Workday during the fourth quarter valued at $545,000. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WDAY shares. Bank of America cut their price target on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Citigroup cut their target price on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Oppenheimer reissued an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Tuesday, December 3rd. Piper Sandler reissued a “neutral” rating and issued a $270.00 target price (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. 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 has an average rating of “Moderate Buy” and an average price target of $292.25.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the sale, the insider now owns 102,997 shares in the company, valued at $25,872,846.40. This represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock worth $113,142,592 in the last 90 days. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

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

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

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.