Vanguard Group Inc. Reduces Holdings in Workiva Inc. $WK

Vanguard Group Inc. trimmed its holdings in shares of Workiva Inc. (NYSE:WK) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,259,001 shares of the software maker’s stock after selling 22,316 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Workiva worth $539,839,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Eminence Capital LP grew its stake in Workiva by 40.7% in the 3rd quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock worth $320,523,000 after acquiring an additional 1,076,778 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in Workiva in the 3rd quarter worth approximately $88,289,000. Assenagon Asset Management S.A. grew its stake in Workiva by 14,955.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock worth $63,834,000 after acquiring an additional 735,186 shares during the period. Irenic Capital Management LP purchased a new stake in Workiva in the 3rd quarter worth approximately $42,783,000. Finally, Nordea Investment Management AB grew its stake in Workiva by 50.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock worth $115,589,000 after acquiring an additional 460,540 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 3.1%

Shares of WK opened at $56.44 on Tuesday. The firm has a market cap of $3.21 billion, a PE ratio of -117.57 and a beta of 0.54. The company’s fifty day moving average is $58.87 and its two-hundred day moving average is $75.34. Workiva Inc. has a fifty-two week low of $50.98 and a fifty-two week high of $97.10.

Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The company had revenue of $238.94 million during the quarter, compared to analyst estimates of $235.13 million. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, equities research analysts anticipate that Workiva Inc. will post 0.53 earnings per share for the current year.

Workiva declared that its board has authorized a stock buyback plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on WK. Stifel Nicolaus lowered their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. BTIG Research decreased their price target on shares of Workiva from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $102.00 price target on shares of Workiva in a report on Friday, February 20th. Finally, Citigroup reiterated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.