Bank Pictet & Cie Europe AG Acquires 12,854 Shares of Workday, Inc. $WDAY

Bank Pictet & Cie Europe AG lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 54.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,547 shares of the software maker’s stock after purchasing an additional 12,854 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Workday were worth $7,850,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in WDAY. First Eagle Investment Management LLC bought a new position in shares of Workday during the third quarter valued at about $556,252,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Workday in the third quarter worth about $1,805,000. Phoenix Financial Ltd. bought a new stake in shares of Workday in the 3rd quarter valued at about $2,000,000. Rakuten Investment Management Inc. bought a new stake in shares of Workday in the 3rd quarter valued at about $124,718,000. Finally, EULAV Asset Management boosted its holdings in Workday by 69.4% during the 3rd quarter. EULAV Asset Management now owns 61,000 shares of the software maker’s stock valued at $14,685,000 after acquiring an additional 25,000 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WDAY shares. Morgan Stanley reduced their price target on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of Workday in a research note on Monday, February 23rd. Evercore cut shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 target price on the stock. in a report on Wednesday, February 25th. Guggenheim decreased their target price on shares of Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Trending Headlines about Workday

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?

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $132.67, for a total value of $14,262,025.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $13,936,850.83. This represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the sale, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 765,036 shares of company stock valued at $113,952,492 in the last three months. Corporate insiders own 19.31% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $129.05 on Thursday. 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 firm’s fifty day simple moving average is $147.10 and its 200 day simple moving average is $197.04. The stock has a market cap of $33.17 billion, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned $1.92 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

About Workday

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.