Workday, Inc. $WDAY Shares Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA grew its stake in Workday, Inc. (NASDAQ:WDAY) by 107.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,760 shares of the software maker’s stock after buying an additional 77,152 shares during the period. Banque Pictet & Cie SA owned 0.06% of Workday worth $31,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in shares of Workday during the second quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday in the 3rd quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in Workday during the 3rd quarter worth about $30,000. Berbice Capital Management LLC lifted its position in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after acquiring an additional 75 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Workday during the 3rd quarter valued at about $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a Design Approved integration with AppZen that embeds autonomous expense-auditing AI into Workday’s finance suite — a concrete product win that can drive deeper enterprise adoption and stickiness. Workday AI Integration With AppZen May Reframe Valuation And Growth Story
• Positive Sentiment: The Planet Group expanded its Workday services portfolio to speed deployments, improve ROI and govern Workday AI adoption — a partner-led revenue/activation tailwind that supports mid‑market expansion. The Planet Group Expands Workday Service Offerings
• Positive Sentiment: Recent fundamentals remain supportive: Workday beat on the last reported quarter (revenue and EPS ahead of consensus) and is showing mid‑teens revenue growth — a reminder that execution is intact even as multiples compress.
• Neutral Sentiment: Coverage pieces highlight Workday among high‑growth tech names and insider/analyst interest; media attention can lift visibility but doesn’t guarantee re‑rating. Exploring Three High Growth Tech Stocks In The US Market
• Neutral Sentiment: Short‑term market moves (e.g., broad sentiment swings that lifted several software names) can create volatility in Workday shares without changing the company’s medium‑term story. GitLab, Samsara, Intuit, Workday, and Autodesk Shares Skyrocket
• Negative Sentiment: Macro/sector pressure: analysts and industry coverage note compressed public SaaS multiples and a “death of SaaS” narrative that has weighed on valuations — a headwind for richly priced software names like WDAY. The ‘death of SaaS’ could be the best thing to ever happen to SaaS M&A
• Negative Sentiment: Some articles question the reliability of optimistic sell‑side ratings, signaling that elevated expectations could leave the stock vulnerable to any growth miss. Wall Street Analysts Think Workday (WDAY) Is a Good Investment: Is It?

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price objective on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. KeyCorp decreased their target price on Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Workday in a research report on Monday, February 23rd. Guggenheim cut their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Morgan Stanley reduced their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.71.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $136.82, for a total value of $14,708,150.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $14,372,804.18. The trade was a 50.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 765,036 shares of company stock worth $113,952,492. 19.31% of the stock is currently owned by company insiders.

Workday Stock Performance

Shares of WDAY stock opened at $129.05 on Thursday. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $33.17 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The business has a 50-day simple moving average of $147.10 and a 200-day simple moving average of $197.04.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. On average, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.