Acadian Asset Management LLC Has $5.89 Million Stock Position in Workiva Inc. $WK

Acadian Asset Management LLC boosted its position in shares of Workiva Inc. (NYSE:WK) by 64.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,066 shares of the software maker’s stock after purchasing an additional 33,843 shares during the quarter. Acadian Asset Management LLC owned about 0.15% of Workiva worth $5,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Workiva by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker’s stock worth $451,085,000 after buying an additional 142,297 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Workiva by 32.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,834,723 shares of the software maker’s stock worth $215,184,000 after acquiring an additional 686,702 shares during the period. Eminence Capital LP acquired a new stake in Workiva during the 1st quarter worth $64,903,000. Alliancebernstein L.P. raised its position in shares of Workiva by 1,177.5% during the 1st quarter. Alliancebernstein L.P. now owns 780,130 shares of the software maker’s stock valued at $59,220,000 after acquiring an additional 719,062 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Workiva by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 430,462 shares of the software maker’s stock valued at $32,676,000 after purchasing an additional 3,057 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen raised Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Capital One Financial set a $100.00 target price on Workiva in a research note on Tuesday, September 30th. UBS Group set a $110.00 target price on Workiva in a research report on Sunday. Raymond James Financial lowered their price target on Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Finally, Citigroup increased their price target on shares of Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Workiva Trading Down 2.1%

Shares of NYSE WK opened at $91.08 on Friday. The company has a fifty day moving average price of $85.41 and a 200 day moving average price of $75.86. The firm has a market cap of $5.10 billion, a PE ratio of -108.43 and a beta of 0.87. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. Equities research analysts forecast that Workiva Inc. will post -0.92 EPS 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.