Handelsbanken Fonder AB Acquires 8,295 Shares of Workiva Inc. $WK

Handelsbanken Fonder AB boosted its stake in shares of Workiva Inc. (NYSE:WK) by 61.9% in the third quarter, HoldingsChannel reports. The firm owned 21,695 shares of the software maker’s stock after purchasing an additional 8,295 shares during the quarter. Handelsbanken Fonder AB’s holdings in Workiva were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new stake in shares of Workiva during the 3rd quarter worth about $265,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after acquiring an additional 268 shares during the period. Wealth Alliance LLC increased its stake in shares of Workiva by 4.7% during the third quarter. Wealth Alliance LLC now owns 3,268 shares of the software maker’s stock worth $281,000 after purchasing an additional 146 shares during the period. CenterBook Partners LP acquired a new stake in Workiva during the 3rd quarter worth approximately $543,000. Finally, Readystate Asset Management LP bought a new stake in Workiva in the 3rd quarter valued at $31,955,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Stock Down 1.2%

Shares of Workiva stock opened at $61.77 on Thursday. Workiva Inc. has a 12-month low of $56.06 and a 12-month high of $97.10. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -128.69 and a beta of 0.65. The firm’s 50-day moving average price is $75.18 and its two-hundred day moving average price is $82.06.

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

Workiva announced that its board has authorized a stock repurchase plan on Monday, February 16th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the software maker to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WK shares. BMO Capital Markets dropped their target price on Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Stifel Nicolaus dropped their price objective on shares of Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BTIG Research decreased their target price on shares of Workiva from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $102.00 target price on shares of Workiva in a report on Friday, February 20th. Finally, Citigroup reiterated a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.38.

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.