EFG Asset Management North America Corp. Buys 16,867 Shares of Workiva Inc. $WK

EFG Asset Management North America Corp. grew its stake in Workiva Inc. (NYSE:WK) by 47.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 52,063 shares of the software maker’s stock after buying an additional 16,867 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Workiva were worth $4,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Workiva during the 3rd quarter worth $340,000. Mutual of America Capital Management LLC raised its position in Workiva by 4.0% during the third quarter. Mutual of America Capital Management LLC now owns 96,802 shares of the software maker’s stock valued at $8,333,000 after purchasing an additional 3,701 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Workiva by 7.7% during the third quarter. Teacher Retirement System of Texas now owns 9,913 shares of the software maker’s stock worth $853,000 after purchasing an additional 712 shares during the last quarter. Strs Ohio lifted its stake in Workiva by 13.0% during the third quarter. Strs Ohio now owns 2,600 shares of the software maker’s stock worth $224,000 after purchasing an additional 300 shares during the last quarter. Finally, Pembroke Management LTD purchased a new position in shares of Workiva in the 3rd quarter worth about $36,185,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of WK stock opened at $82.91 on Tuesday. The company has a market capitalization of $4.65 billion, a P/E ratio of -98.70 and a beta of 0.60. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $105.16. The stock has a 50 day moving average price of $87.97 and a two-hundred day moving average price of $83.06.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and set a $110.00 price target on shares of Workiva in a research note on Thursday, November 6th. Raymond James Financial restated an “outperform” rating and issued a $105.00 price objective on shares of Workiva in a report on Wednesday, December 10th. Truist Financial upped their price objective on shares of Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Capital One Financial set a $100.00 target price on shares of Workiva in a report on Tuesday, September 30th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

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.