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

Curi RMB Capital LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 8.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,812 shares of the software maker’s stock after selling 165 shares during the quarter. Curi RMB Capital LLC’s holdings in Workday were worth $443,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its stake in Workday by 4.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock valued at $281,000 after purchasing an additional 43 shares in the last quarter. M&G Plc acquired a new stake in shares of Workday in the 1st quarter valued at about $2,292,000. Intech Investment Management LLC lifted its holdings in shares of Workday by 7.9% in the first quarter. Intech Investment Management LLC now owns 12,960 shares of the software maker’s stock valued at $3,535,000 after purchasing an additional 948 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Workday by 2.2% during the first 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 during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Workday by 463.9% during the first quarter. Edgestream Partners L.P. now owns 14,724 shares of the software maker’s stock worth $4,016,000 after buying an additional 12,113 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the transaction, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Barclays boosted their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Stifel Nicolaus raised their target price on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley cut their price target on shares of Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Thursday, September 19th. One equities 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.59.

Workday Price Performance

NASDAQ:WDAY opened at $259.41 on Friday. 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 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s 50-day simple moving average is $246.74 and its 200 day simple moving average is $236.60. The firm has a market cap of $68.74 billion, a price-to-earnings ratio of 45.19, a P/E/G ratio of 5.39 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced 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. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. As a group, sell-side analysts predict that Workday, Inc. will post 2.4 earnings per share for the current 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.