Bank of New York Mellon Corp Has $13.56 Million Stake in Workiva Inc. $WK

Bank of New York Mellon Corp trimmed its holdings in Workiva Inc. (NYSE:WK) by 57.3% during the first quarter, Holdings Channel reports. The firm owned 227,426 shares of the software maker’s stock after selling 305,367 shares during the quarter. Bank of New York Mellon Corp’s holdings in Workiva were worth $13,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WK. Hotchkis & Wiley Capital Management LLC bought a new position in Workiva during the third quarter worth $88,289,000. Norges Bank bought a new stake in Workiva in the fourth quarter valued at $53,375,000. Barclays PLC increased its stake in Workiva by 531.6% in the fourth quarter. Barclays PLC now owns 582,586 shares of the software maker’s stock valued at $50,248,000 after purchasing an additional 490,351 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Workiva by 179.2% during the fourth quarter. AQR Capital Management LLC now owns 522,304 shares of the software maker’s stock valued at $45,049,000 after purchasing an additional 335,221 shares during the period. Finally, UBS Group AG raised its holdings in shares of Workiva by 40.8% during the third quarter. UBS Group AG now owns 778,118 shares of the software maker’s stock valued at $66,980,000 after purchasing an additional 225,449 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on WK shares. Weiss Ratings cut Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Stifel Nicolaus lowered their target price on Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Workiva in a research report on Tuesday, May 26th. Finally, BTIG Research decreased their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Workiva has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Workiva Price Performance

NYSE WK opened at $59.87 on Friday. The business’s fifty day moving average is $51.37 and its 200-day moving average is $58.53. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 260.29 and a beta of 0.50. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same period in the prior year, the company earned $0.14 earnings per share. Workiva’s revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Research analysts expect that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the sale, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.77% of the company’s stock.

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.