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

Bank Pictet & Cie Europe AG raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 54.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock worth $5,247,687,000 after acquiring an additional 684,872 shares in the last quarter. State Street Corp lifted its position in Workday by 0.8% during the 3rd quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock valued at $2,328,959,000 after acquiring an additional 74,052 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Workday by 41.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares during the period. Finally, Parnassus Investments LLC grew its holdings in Workday by 13.1% in the third quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker’s stock worth $774,478,000 after purchasing an additional 371,561 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WDAY. Barclays lowered their target price on shares of Workday from $230.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Citigroup cut their price target on Workday from $247.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research report on Monday, February 9th. Guggenheim lowered their price objective on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Piper Sandler dropped their target price on Workday from $200.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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?

Insiders Place Their Bets

In related news, insider Robert Enslin sold 22,185 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the sale, the insider directly owned 106,330 shares of the company’s stock, valued at $22,347,376.10. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was 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 approximately $13,936,850.83. This trade represents a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 765,036 shares of company stock valued at $113,952,492. Company insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $129.05 on Thursday. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00. The company has a market capitalization 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. The firm has a 50 day moving average of $147.10 and a 200 day moving average of $197.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

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

Workday 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.