Assenagon Asset Management S.A. Buys 735,186 Shares of Workiva Inc. $WK

Assenagon Asset Management S.A. lifted its position in Workiva Inc. (NYSE:WK) by 14,955.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,102 shares of the software maker’s stock after acquiring an additional 735,186 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.32% of Workiva worth $63,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Wealth Asset Management LLC grew its position in Workiva by 1,731.7% during the third quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock valued at $6,465,000 after buying an additional 71,000 shares during the period. Nordea Investment Management AB grew its position in shares of Workiva by 50.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock valued at $115,589,000 after acquiring an additional 460,540 shares during the period. Impax Asset Management Group plc increased its stake in shares of Workiva by 19.8% during the 3rd quarter. Impax Asset Management Group plc now owns 136,086 shares of the software maker’s stock worth $11,714,000 after purchasing an additional 22,500 shares during the last quarter. Ranger Investment Management L.P. increased its stake in shares of Workiva by 39.5% during the 3rd quarter. Ranger Investment Management L.P. now owns 312,045 shares of the software maker’s stock worth $26,861,000 after purchasing an additional 88,425 shares during the last quarter. Finally, Irenic Capital Management LP bought a new stake in shares of Workiva in the 3rd quarter worth approximately $42,783,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

WK has been the subject of several research reports. BTIG Research reduced their price objective on Workiva from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 20th. Truist Financial restated a “buy” rating and issued a $90.00 target price (down from $110.00) on shares of Workiva in a research note on Friday, February 20th. Robert W. Baird dropped their price target on Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $102.00 price target on shares of Workiva in a research note on Friday, February 20th. Finally, BMO Capital Markets decreased their price objective on Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.38.

Workiva Stock Performance

Shares of WK stock opened at $59.45 on Wednesday. The company has a market capitalization of $3.38 billion, a PE ratio of -123.85 and a beta of 0.65. Workiva Inc. has a 52-week low of $56.06 and a 52-week high of $97.10. The business’s fifty day moving average is $68.10 and its 200 day moving average is $80.44.

Workiva (NYSE:WK) last posted its earnings results on Thursday, February 19th. The software maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The business had revenue of $238.94 million for the quarter, compared to analysts’ expectations of $235.13 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Workiva’s quarterly revenue was up 19.5% compared to the same quarter last year. 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 forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Workiva announced that its Board of Directors has authorized 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 repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.