First Trust Advisors LP Has $51.46 Million Stock Holdings in Workiva Inc. $WK

First Trust Advisors LP raised its holdings in shares of Workiva Inc. (NYSE:WK) by 16.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 862,936 shares of the software maker’s stock after acquiring an additional 121,643 shares during the period. First Trust Advisors LP’s holdings in Workiva were worth $51,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Comerica Bank grew its stake in shares of Workiva by 28.8% during the fourth quarter. Comerica Bank now owns 151,317 shares of the software maker’s stock worth $13,051,000 after purchasing an additional 33,829 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Workiva by 8.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock valued at $93,430,000 after buying an additional 87,056 shares during the period. Norges Bank bought a new position in Workiva during the fourth quarter worth about $53,375,000. Private Wealth Asset Management LLC boosted its holdings in Workiva by 133.2% during the fourth quarter. Private Wealth Asset Management LLC now owns 175,100 shares of the software maker’s stock worth $15,102,000 after buying an additional 100,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Workiva by 36.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 53,760 shares of the software maker’s stock worth $4,637,000 after buying an additional 14,246 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Trading Up 0.1%

WK stock opened at $52.46 on Monday. Workiva Inc. has a 1-year low of $43.34 and a 1-year high of $97.10. The firm has a market cap of $2.94 billion, a PE ratio of 228.10 and a beta of 0.50. The business’s 50-day moving average price is $50.45 and its two-hundred day moving average price is $59.39.

Workiva (NYSE:WK) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, analysts forecast that Workiva Inc. will post 0.92 earnings per share for the current year.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. The trade was a 2.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on WK shares. Stifel Nicolaus lowered their price target on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Robert W. Baird set a $74.00 price objective on shares of Workiva in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a research note on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

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.