Workday, Inc. $WDAY Stock: Bank Pictet & Cie Europe AG Raises Holdings

Key Points

• Bank Pictet & Cie Europe AG increased its Workday stake by 8.1% in the third quarter to 77,362 shares valued at approximately $14.7 million. Institutional investors and hedge funds collectively own 89.81% of WDAY.
• Analyst sentiment is mixed, with 19 Buy, 19 Hold, and 2 Sell ratings; the average price target is $205.03. KeyCorp’s recent downgrade to “Sector Weight” suggests limited near-term upside despite continued interest in Workday’s AI offerings.
• Workday shares recently traded near $202, while the company’s latest quarterly results exceeded expectations with $2.75 in adjusted earnings per share and $2.65 billion in revenue. Insiders sold approximately $188.8 million of stock over the past 90 days, primarily through pre-arranged transactions.

Bank Pictet & Cie Europe AG boosted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,362 shares of the software maker's stock after buying an additional 5,811 shares during the period. Bank Pictet & Cie Europe AG's holdings in Workday were worth $14,734,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 55 North Private Wealth LLC acquired a new stake in Workday in the third quarter valued at approximately $210,000. Net Worth Advisory Group acquired a new position in shares of Workday during the third quarter worth approximately $349,000. CWA Asset Management Group LLC acquired a new position in shares of Workday during the third quarter worth approximately $238,000. Onyx Bridge Wealth Group LLC bought a new position in shares of Workday in the 3rd quarter worth $793,000. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of Workday by 6.2% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,719 shares of the software maker's stock worth $899,000 after purchasing an additional 277 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WDAY has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Workday from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. Piper Sandler upped their price objective on shares of Workday from $145.00 to $190.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Lake Street Capital set a $205.00 price objective on shares of Workday in a research note on Friday, August 14th. William Blair reiterated an "outperform" rating on shares of Workday in a report on Friday, August 28th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Workday in a research report on Wednesday, September 30th. Nineteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $205.03.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday was named a Leader in Gartner’s 2026 Magic Quadrant for Cloud ERP Finance. The recognition may strengthen Workday’s credibility with large enterprise customers and support demand for its finance platform. Workday Named a Leader in 2026 Gartner Magic Quadrant for Cloud ERP Finance
• Positive Sentiment: Workday’s new Decision Intelligence platform, which combines workforce and financial data with AI, is being viewed as a potential growth driver. The offering could increase product adoption and help the company compete for enterprise AI spending. Can WDAY's New AI Offerings Across Business Functions Drive Growth?
• Neutral Sentiment: KeyCorp’s published estimates call for Workday earnings of $1.71, $1.94, $2.05 and $2.27 per share across the first four quarters of fiscal 2028. The estimates provide an earnings framework but do not represent an upgrade; the firm retains a “Sector Weight” rating. Workday Shares Fall on KeyBanc Downgrade
• Neutral Sentiment: Recent commentary highlights Workday’s potential role as a trusted data and AI layer for enterprises, but also notes that ServiceNow has generated stronger revenue growth than Workday in recent quarters. This underscores both the opportunity in AI and the competitive execution risk. ServiceNow vs. Workday
• Negative Sentiment: KeyCorp downgraded Workday to “Sector Weight,” signaling limited near-term upside after the stock’s strong advance. The cautious rating may weigh on the shares even as the bank’s earnings estimates remain in line with the broader outlook. Workday Shares Fall on KeyBanc Downgrade

Workday Stock Performance

Shares of Workday stock traded up $6.89 during mid-day trading on Tuesday, hitting $202.09. 881,522 shares of the stock were exchanged, compared to its average volume of 4,639,992. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $247.40. The company has a 50-day simple moving average of $192.00 and a 200 day simple moving average of $154.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $48.70 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.91 and a beta of 1.07.

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

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 918 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 69,309 shares of the company's stock, valued at $13,130,590.05. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total value of $1,123,380.00. Following the sale, the chief financial officer directly owned 269,642 shares of the company's stock, valued at approximately $50,485,071.66. This represents a 2.18% decrease in their ownership of the stock. 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 sold a total of 988,104 shares of company stock valued at $188,811,574 in the last ninety days. 18.64% of the stock is owned by corporate insiders.

Workday Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company's products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.

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