Workiva Inc. $WK Stock Position Lifted by Eminence Capital LP

Eminence Capital LP grew its holdings in shares of Workiva Inc. (NYSE:WK) by 40.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,723,546 shares of the software maker’s stock after purchasing an additional 1,076,778 shares during the quarter. Workiva makes up 3.9% of Eminence Capital LP’s investment portfolio, making the stock its 3rd largest holding. Eminence Capital LP owned 6.63% of Workiva worth $320,523,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Brevan Howard Capital Management LP purchased a new position in shares of Workiva in the 3rd quarter worth about $305,000. Bank of Nova Scotia purchased a new position in Workiva in the third quarter valued at about $524,000. Boothbay Fund Management LLC purchased a new position in Workiva in the third quarter valued at about $747,000. Algert Global LLC grew its position in shares of Workiva by 288.3% during the 3rd quarter. Algert Global LLC now owns 229,559 shares of the software maker’s stock valued at $19,760,000 after acquiring an additional 170,439 shares during the period. Finally, Creative Planning grew its position in shares of Workiva by 283.2% during the 3rd quarter. Creative Planning now owns 22,616 shares of the software maker’s stock valued at $1,947,000 after acquiring an additional 16,714 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WK has been the topic of a number of research reports. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price target (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, January 21st. BMO Capital Markets lowered their target price on Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Stifel Nicolaus dropped their price target on Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $105.00 price target on shares of Workiva in a research note on Wednesday, December 10th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and a consensus target price of $95.38.

Workiva Trading Up 0.3%

Workiva stock opened at $61.52 on Friday. The firm has a 50 day simple moving average of $71.93 and a 200 day simple moving average of $81.34. Workiva Inc. has a 1-year low of $56.06 and a 1-year high of $97.10. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -128.17 and a beta of 0.65.

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

Workiva declared that its Board of Directors has approved a stock repurchase plan on Monday, February 16th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.