Janney Montgomery Scott LLC Lowers Stake in Workiva Inc. $WK

Janney Montgomery Scott LLC reduced its position in Workiva Inc. (NYSE:WK) by 75.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,965 shares of the software maker’s stock after selling 12,335 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Workiva were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC lifted its stake in shares of Workiva by 0.9% during the 4th quarter. LPL Financial LLC now owns 20,475 shares of the software maker’s stock valued at $1,766,000 after buying an additional 185 shares in the last quarter. Allworth Financial LP boosted its holdings in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the period. King Luther Capital Management Corp increased its stake in Workiva by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 80,083 shares of the software maker’s stock worth $6,907,000 after buying an additional 248 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Workiva by 66.0% in the 4th quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after buying an additional 266 shares in the last quarter. Finally, First Horizon Corp raised its holdings in Workiva by 112.1% during the fourth quarter. First Horizon Corp now owns 509 shares of the software maker’s stock valued at $44,000 after acquiring an additional 269 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Performance

Shares of NYSE WK opened at $57.21 on Monday. The company has a market cap of $3.21 billion, a P/E ratio of 248.74 and a beta of 0.50. The firm’s fifty day moving average is $49.71 and its two-hundred day moving average is $60.51. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10.

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

Insider Activity at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the completion of the transaction, the director directly owned 34,802 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stephens restated an “overweight” rating and issued a $68.00 price objective on shares of Workiva in a research report on Tuesday, May 26th. BTIG Research cut their target price on Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Wall Street Zen cut Workiva from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. Finally, Zacks Research cut Workiva from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Ten equities research 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’s stock. According to data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

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.