EFG Asset Management North America Corp. Buys 16,867 Shares of Workiva Inc. $WK

EFG Asset Management North America Corp. boosted its position in Workiva Inc. (NYSE:WK) by 47.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,063 shares of the software maker’s stock after purchasing an additional 16,867 shares during the period. EFG Asset Management North America Corp. owned about 0.09% of Workiva worth $4,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Workiva by 50.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock valued at $115,589,000 after buying an additional 460,540 shares during the last quarter. Nicholas Company Inc. raised its stake in Workiva by 9.3% in the 2nd quarter. Nicholas Company Inc. now owns 80,881 shares of the software maker’s stock valued at $5,536,000 after acquiring an additional 6,850 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Workiva during the second quarter valued at about $1,634,000. Pembroke Management LTD bought a new position in Workiva during the third quarter worth about $36,185,000. Finally, AlphaQuest LLC increased its stake in shares of Workiva by 189.1% in the second quarter. AlphaQuest LLC now owns 6,208 shares of the software maker’s stock worth $425,000 after purchasing an additional 4,061 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Workiva Price Performance

Shares of NYSE:WK opened at $82.91 on Tuesday. The firm has a fifty day moving average price of $87.97 and a two-hundred day moving average price of $83.06. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -98.70 and a beta of 0.60. Workiva Inc. has a one year low of $60.50 and a one year high of $105.16.

Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. Equities research analysts expect that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WK has been the topic of a number of recent research reports. Stifel Nicolaus set a $98.00 price target on shares of Workiva in a research note on Thursday, November 6th. Raymond James Financial reissued an “outperform” rating and set a $105.00 target price on shares of Workiva in a report on Wednesday, December 10th. Truist Financial increased their target price on Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Stephens raised their price target on Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Finally, UBS Group set a $110.00 price target on Workiva in a research report on Sunday, November 9th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.