Workiva Inc. $WK Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 20.5% during the second quarter, Holdings Channel.com reports. The fund owned 493,180 shares of the software maker’s stock after selling 127,524 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Workiva were worth $33,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WK. Vanguard Group Inc. boosted its position in Workiva by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker’s stock valued at $451,085,000 after buying an additional 142,297 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Workiva by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker’s stock valued at $215,184,000 after purchasing an additional 686,702 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Workiva during the second quarter worth about $88,677,000. Geode Capital Management LLC raised its position in shares of Workiva by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker’s stock worth $82,637,000 after purchasing an additional 4,056 shares during the last quarter. Finally, Eminence Capital LP acquired a new position in shares of Workiva during the 1st quarter worth about $64,903,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WK. Stephens lifted their price objective on Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Wolfe Research raised their target price on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Stifel Nicolaus set a $98.00 price target on Workiva in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, October 8th. Finally, BMO Capital Markets raised their price objective on Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Workiva Stock Up 0.1%

Shares of WK opened at $92.28 on Friday. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The stock has a fifty day simple moving average of $88.78 and a two-hundred day simple moving average of $78.13. The company has a market capitalization of $5.18 billion, a PE ratio of -109.86 and a beta of 0.64.

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

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.