Mirador Capital Partners LP Raises Position in Workday Inc (NASDAQ:WDAY)

Mirador Capital Partners LP increased its position in Workday Inc (NASDAQ:WDAY) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,597 shares of the software maker’s stock after buying an additional 319 shares during the period. Mirador Capital Partners LP’s holdings in Workday were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WDAY. Prudential Financial Inc. raised its stake in Workday by 3.6% in the 2nd quarter. Prudential Financial Inc. now owns 7,260 shares of the software maker’s stock worth $1,493,000 after acquiring an additional 250 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Workday by 49.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 328 shares of the software maker’s stock valued at $65,000 after buying an additional 108 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Workday by 11.2% during the 2nd quarter. MML Investors Services LLC now owns 1,478 shares of the software maker’s stock valued at $304,000 after buying an additional 149 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Workday by 28.8% during the 2nd quarter. Lido Advisors LLC now owns 1,661 shares of the software maker’s stock valued at $341,000 after buying an additional 371 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of Workday during the 2nd quarter valued at about $288,000. Institutional investors own 66.51% of the company’s stock.

Shares of WDAY stock traded down $1.68 during mid-day trading on Friday, reaching $181.10. The company’s stock had a trading volume of 58,646 shares, compared to its average volume of 1,954,928. Workday Inc has a 12-month low of $151.06 and a 12-month high of $226.83. The firm has a market capitalization of $41.40 billion, a PE ratio of -148.56 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.54. The company’s 50 day simple moving average is $169.03 and its 200-day simple moving average is $179.71.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, December 3rd. The software maker reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The company had revenue of $938.10 million during the quarter, compared to analyst estimates of $920.65 million. Workday had a negative net margin of 13.29% and a negative return on equity of 11.63%. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. As a group, research analysts anticipate that Workday Inc will post -1.12 EPS for the current fiscal year.

WDAY has been the subject of a number of recent research reports. Societe Generale upgraded Workday from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus reduced their price objective on Workday from $210.00 to $180.00 in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price objective on Workday from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. Evercore ISI upgraded Workday from an “in-line” rating to an “outperform” rating in a research report on Tuesday, October 22nd. Finally, ValuEngine upgraded Workday from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 30th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Workday currently has an average rating of “Buy” and a consensus price target of $208.67.

In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.29, for a total transaction of $48,387,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Duffield sold 291,102 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $171.79, for a total transaction of $50,008,412.58. The disclosure for this sale can be found here. Insiders sold a total of 774,901 shares of company stock valued at $127,914,768 over the last ninety days. Company insiders own 29.80% of the company’s stock.

Workday Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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