Madison Asset Management LLC Buys Shares of 89,980 Workiva Inc. $WK

Madison Asset Management LLC bought a new position in shares of Workiva Inc. (NYSE:WK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 89,980 shares of the software maker’s stock, valued at approximately $4,365,000. Madison Asset Management LLC owned approximately 0.16% of Workiva at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Workiva during the 4th quarter valued at approximately $26,000. Leonteq Securities AG bought a new position in Workiva in the 4th quarter valued at approximately $27,000. Quarry LP lifted its stake in Workiva by 396.3% in the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after purchasing an additional 325 shares during the last quarter. Allworth Financial LP boosted its position in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Workiva by 297.1% in the fourth quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock valued at $36,000 after buying an additional 309 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert H. Herz sold 1,000 shares of the business’s 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 sale, the director owned 34,802 shares in the company, valued at $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.77% of the company’s stock.

Workiva Trading Down 0.5%

Shares of NYSE WK opened at $75.34 on Friday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 91.88 and a beta of 0.46. The firm’s 50-day moving average price is $56.56 and its 200-day moving average price is $56.87. Workiva Inc. has a 1-year low of $43.34 and a 1-year high of $97.10.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million during the quarter, compared to the consensus estimate of $251.16 million. During the same period last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities research analysts forecast that Workiva Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

WK has been the subject of several research analyst reports. BTIG Research lowered their price target on shares of Workiva from $80.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Workiva in a report on Wednesday, May 6th. Zacks Research upgraded Workiva from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. One investment 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, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $84.75.

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.