Workiva (NYSE:WK) Upgraded to “Strong-Buy” at Zacks Research

Workiva (NYSE:WK) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts have also issued reports on WK. BMO Capital Markets cut their target price 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 set a $90.00 price objective (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Citigroup reissued a “buy” rating on shares of Workiva in a research report on Monday, February 23rd. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus decreased their target price on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Workiva presently has an average rating of “Moderate Buy” and an average price target of $90.33.

Workiva Price Performance

NYSE WK opened at $45.33 on Wednesday. The business has a 50 day simple moving average of $57.08 and a 200 day simple moving average of $73.12. Workiva has a one year low of $43.34 and a one year high of $97.10. The stock has a market capitalization of $2.54 billion, a P/E ratio of 197.10 and a beta of 0.54.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. 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 expect that Workiva will post 0.92 earnings per share for the current year.

Workiva announced that its Board of Directors has approved a share buyback plan on Monday, February 16th that allows the company to buyback $250.00 million in 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WK. Caitong International Asset Management Co. Ltd bought a new stake in shares of Workiva during the fourth quarter worth about $26,000. Leonteq Securities AG bought a new position in Workiva in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in Workiva by 217.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after purchasing an additional 268 shares during the last quarter. Allworth Financial LP increased its holdings in Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares in the last quarter. Finally, Quarry LP increased its holdings in Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

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.