18,064 Workday, Inc. $WDAY Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its Workday stake by 8.9%, selling 18,064 shares and retaining 184,310 shares valued at approximately $35.1 million. Institutional investors collectively own 89.81% of Workday.
• Workday reported quarterly EPS of $2.75, exceeding estimates of $2.61, while revenue rose 12.8% year over year to $2.65 billion. The stock opened at $190.81, below the analyst consensus price target of $205.03, with a consensus “Hold” rating.
• AI remains a potential long-term growth driver through products such as Sana and Decision Intelligence, but analysts remain cautious because monetization is early, valuation appears fair, and insider selling has continued.

Banque Pictet & Cie SA decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,310 shares of the software maker's stock after selling 18,064 shares during the quarter. Banque Pictet & Cie SA owned 0.08% of Workday worth $35,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lakehouse Capital Pty Ltd increased its holdings in Workday by 77.9% in the third quarter. Lakehouse Capital Pty Ltd now owns 43,773 shares of the software maker's stock valued at $8,337,000 after purchasing an additional 19,174 shares during the period. Plato Investment Management Ltd bought a new position in Workday during the 2nd quarter worth $1,115,000. S&CO Inc. acquired a new position in Workday during the 2nd quarter worth about $2,284,000. Sapient Capital LLC acquired a new position in Workday during the 2nd quarter worth about $13,045,000. Finally, Fluent Financial LLC bought a new stake in shares of Workday in the 2nd quarter valued at about $2,249,000. Institutional investors own 89.81% of the company's stock.

Workday Stock Performance

NASDAQ:WDAY opened at $190.81 on Friday. The company has a market capitalization of $45.99 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.97 and a beta of 1.07. The business has a 50 day moving average of $191.78 and a 200 day moving average of $153.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $247.40.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $2.21 EPS. The firm's revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts predict that Workday, Inc. will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Mark Garfield sold 918 shares of the company's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $189.45, for a total transaction of $173,915.10. Following the sale, the chief accounting officer directly owned 69,309 shares of the company's stock, valued at $13,130,590.05. This represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit Kazmaier sold 2,729 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $187.28, for a total value of $511,087.12. Following the transaction, the insider directly owned 251,314 shares in the company, valued at approximately $47,066,085.92. This represents a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 988,104 shares of company stock worth $188,811,574 in the last three months. 18.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of research reports. The Goldman Sachs Group increased their target price on shares of Workday from $151.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, August 31st. UBS Group set a $175.00 price target on shares of Workday in a research note on Thursday. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. Capital One Financial set a $219.00 price target on Workday and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Finally, Lake Street Capital set a $205.00 price target on Workday in a report on Friday, August 14th. Nineteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $205.03.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

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