AQR Capital Management LLC Increases Stock Holdings in Workiva Inc. $WK

AQR Capital Management LLC lifted its position in Workiva Inc. (NYSE:WK) by 86.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,900 shares of the software maker’s stock after purchasing an additional 39,371 shares during the quarter. AQR Capital Management LLC owned about 0.15% of Workiva worth $6,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WK. Lazard Asset Management LLC grew its holdings in shares of Workiva by 10,282.0% in the fourth quarter. Lazard Asset Management LLC now owns 15,573 shares of the software maker’s stock valued at $1,705,000 after purchasing an additional 15,423 shares during the period. Nuveen Asset Management LLC boosted its stake in Workiva by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 588,428 shares of the software maker’s stock worth $64,433,000 after buying an additional 1,909 shares during the period. Nomura Holdings Inc. purchased a new position in Workiva during the fourth quarter worth about $250,000. Quantinno Capital Management LP boosted its stake in Workiva by 27.5% during the fourth quarter. Quantinno Capital Management LP now owns 3,342 shares of the software maker’s stock worth $366,000 after buying an additional 720 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in Workiva during the fourth quarter worth about $5,825,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WK. Stephens reaffirmed an “overweight” rating and set a $95.00 target price on shares of Workiva in a research note on Thursday, May 22nd. Wolfe Research boosted their price objective on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on Workiva from $85.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen upgraded Workiva from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Robert W. Baird set a $105.00 price objective on Workiva in a report on Wednesday, June 25th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $100.00.

Workiva Stock Performance

Shares of WK opened at $77.55 on Friday. The stock has a market capitalization of $4.34 billion, a PE ratio of -64.62 and a beta of 0.88. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83. The company’s 50-day simple moving average is $73.92 and its 200-day simple moving average is $73.31.

Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, sell-side analysts predict that Workiva Inc. will post -0.92 earnings per share for the current year.

About Workiva

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.