Workiva (NYSE:WK) Given “Overweight” Rating at Stephens

Workiva (NYSE:WK)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $68.00 price objective on the software maker’s stock. Stephens’ price objective would indicate a potential upside of 37.12% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. BMO Capital Markets lowered their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Truist Financial reiterated a “buy” rating and issued a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Finally, Citigroup reissued a “buy” rating on shares of Workiva in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Workiva Trading Down 1.4%

NYSE WK opened at $49.59 on Tuesday. The business’s 50 day moving average is $55.18 and its two-hundred day moving average is $71.31. Workiva has a 12-month low of $43.34 and a 12-month high of $97.10. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 215.61 and a beta of 0.54.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business 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 business posted $0.14 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities analysts forecast that Workiva will post 0.92 earnings per share for the current fiscal year.

Workiva declared that its Board of Directors has authorized a share repurchase plan on Monday, February 16th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Workiva

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in Workiva by 30.3% during the 1st quarter. California State Teachers Retirement System now owns 61,566 shares of the software maker’s stock valued at $3,671,000 after acquiring an additional 14,332 shares in the last quarter. Ranger Investment Management L.P. lifted its holdings in shares of Workiva by 11.5% in the first quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock valued at $20,404,000 after purchasing an additional 35,329 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Workiva by 34.3% in the first quarter. Empowered Funds LLC now owns 9,100 shares of the software maker’s stock valued at $543,000 after purchasing an additional 2,325 shares in the last quarter. Hawk Ridge Capital Management LP acquired a new stake in shares of Workiva in the first quarter valued at approximately $65,091,000. Finally, Quantinno Capital Management LP increased its stake in shares of Workiva by 320.9% during the 1st quarter. Quantinno Capital Management LP now owns 36,925 shares of the software maker’s stock worth $2,202,000 after purchasing an additional 28,152 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.