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

Key Points

• Banque Pictet & Cie SA reduced its holdings in Workday, Inc. by 17.7%, owning 65,275 shares after selling 13,994 shares, valued at approximately $15.67 million.
• Workday reported earnings of $2.21 per share, exceeding analysts' estimates of $2.09, with a 12.6% increase in revenue year-over-year.
• Insider trading revealed CEO Carl M. Eschenbach sold 6,250 shares, representing an 80.94% decrease in his holdings, while insiders collectively sold 326,171 shares worth about $76.43 million in the past three months.

Banque Pictet & Cie SA decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 17.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,275 shares of the software maker's stock after selling 13,994 shares during the period. Banque Pictet & Cie SA's holdings in Workday were worth $15,666,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in shares of Workday during the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday during the 1st quarter worth approximately $32,000. Financial Management Professionals Inc. increased its holdings in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Workday during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Performance

NASDAQ:WDAY opened at $242.75 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $64.81 billion, a P/E ratio of 112.38, a PEG ratio of 3.18 and a beta of 1.12. The company has a 50 day moving average price of $229.86 and a 200 day moving average price of $237.71. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the company posted $1.75 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares of the company's stock, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 326,171 shares of company stock worth $76,432,560 over the last three months. 19.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WDAY. JPMorgan Chase & Co. cut their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Evercore ISI raised their price target on shares of Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Guggenheim upgraded shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 price target for the company in a report on Wednesday, September 17th. Barclays raised their price target on shares of Workday from $285.00 to $288.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Finally, Oppenheimer cut their price target on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $287.83.

Workday Company 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.

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