Frank Rimerman Advisors LLC Decreases Position in Workday, Inc. $WDAY

Frank Rimerman Advisors LLC reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,407 shares of the software maker’s stock after selling 445 shares during the period. Frank Rimerman Advisors LLC’s holdings in Workday were worth $1,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dagco Inc. purchased a new position in shares of Workday in the 1st quarter valued at $31,000. Golden State Wealth Management LLC lifted its position in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Workday in the second quarter valued at $42,000. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Workday during the first quarter worth about $47,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $225.64 on Wednesday. The stock has a market capitalization of $60.25 billion, a P/E ratio of 104.46, a P/E/G ratio of 2.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The company’s fifty day moving average is $234.19 and its two-hundred day moving average is $237.58.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the transaction, the chief financial officer owned 168,468 shares in the company, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 264,933 shares of company stock worth $61,475,760. 20.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Evercore ISI upped their target price on Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. KeyCorp decreased their price objective on Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Oppenheimer lowered their target price on shares of Workday from $300.00 to $270.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $287.86.

Workday Profile

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.