Curi RMB Capital LLC Has $443,000 Position in Workday, Inc. (NASDAQ:WDAY)

Curi RMB Capital LLC lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,812 shares of the software maker’s stock after selling 165 shares during the period. Curi RMB Capital LLC’s holdings in Workday were worth $443,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WDAY. The Manufacturers Life Insurance Company lifted its position in shares of Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after purchasing an additional 1,016,394 shares in the last quarter. Van ECK Associates Corp increased its stake in Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after buying an additional 925,366 shares during the period. Vanguard Group Inc. lifted its position in Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after buying an additional 324,540 shares in the last quarter. D1 Capital Partners L.P. boosted its stake in shares of Workday by 152.1% during the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock valued at $115,804,000 after buying an additional 312,500 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of Workday by 17,001.6% during the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock valued at $703,000 after acquiring an additional 284,266 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

NASDAQ:WDAY opened at $259.41 on Friday. The firm has a market capitalization of $68.74 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 5.39 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a 50-day moving average price of $246.74 and a 200 day moving average price of $236.60.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company earned $0.40 EPS. Workday’s revenue was up 16.5% on a year-over-year basis. Research analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WDAY. Evercore ISI cut their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Barclays boosted their price target on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Stifel Nicolaus boosted their target price on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $287.59.

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.