Workiva (NYSE:WK) Raised to Strong-Buy at Zacks Research

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

Other equities research analysts also recently issued reports about the stock. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research report on Monday, February 23rd. BTIG Research dropped their target price on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. BMO Capital Markets cut 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 reduced their target price on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings raised Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.33.

Workiva Price Performance

WK opened at $45.33 on Wednesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 197.10 and a beta of 0.54. The firm’s fifty day moving average price is $57.08 and its two-hundred day moving average price is $73.12. Workiva has a 1 year low of $43.34 and a 1 year high of $97.10.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The firm had revenue of $247.31 million during the quarter, compared to analyst estimates of $245.17 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’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. As a group, equities analysts anticipate that Workiva will post 0.92 EPS for the current year.

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

Institutional Trading of Workiva

Several hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Workiva during the 1st quarter valued at approximately $5,114,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Workiva by 88.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,109,646 shares of the software maker’s stock worth $66,168,000 after purchasing an additional 520,839 shares during the period. Siren L.L.C. lifted its stake in Workiva by 16.9% in the first quarter. Siren L.L.C. now owns 92,500 shares of the software maker’s stock valued at $5,516,000 after purchasing an additional 13,377 shares during the last quarter. Alamar Capital Management LLC purchased a new position in Workiva in the first quarter valued at approximately $2,115,000. Finally, State of Wyoming grew its holdings in Workiva by 287.1% during the first quarter. State of Wyoming now owns 7,948 shares of the software maker’s stock valued at $474,000 after purchasing an additional 5,895 shares during the period. Institutional investors own 92.21% 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.