Vanguard Group Inc. Acquires 46,254 Shares of Workiva Inc. $WK

Vanguard Group Inc. increased its holdings in shares of Workiva Inc. (NYSE:WK) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,281,317 shares of the software maker’s stock after acquiring an additional 46,254 shares during the period. Vanguard Group Inc. owned about 11.21% of Workiva worth $540,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its position in Workiva by 287.8% in the 3rd quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after buying an additional 213 shares during the period. Essex Investment Management Co. LLC purchased a new position in Workiva during the third quarter valued at approximately $63,000. TD Waterhouse Canada Inc. bought a new position in Workiva in the second quarter worth approximately $51,000. Smartleaf Asset Management LLC raised its position in shares of Workiva by 52.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock worth $109,000 after acquiring an additional 440 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Workiva by 15.4% during the 3rd quarter. State of Wyoming now owns 1,553 shares of the software maker’s stock worth $134,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Workiva stock opened at $57.86 on Wednesday. The firm has a 50 day simple moving average of $78.37 and a 200-day simple moving average of $82.64. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -120.54 and a beta of 0.62. Workiva Inc. has a 1-year low of $56.06 and a 1-year high of $97.10.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The business had revenue of $238.94 million during the quarter, compared to analyst estimates of $235.13 million. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Equities analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva announced that its board has initiated a share repurchase plan on Monday, February 16th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WK shares. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research report on Monday. Stephens set a $90.00 target price on Workiva in a report on Friday. Robert W. Baird cut their price objective on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets decreased their price objective on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus target price of $95.38.

About Workiva

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.