Acadian Asset Management LLC Makes New Investment in Workiva Inc. $WK

Key Points

• Acadian Asset Management LLC has acquired a new position in Workiva Inc., purchasing 52,223 shares valued at approximately $3.96 million, representing 0.09% of the company's total shares.
• Workiva's stock is currently down 1.1% and has a market capitalization of $4.34 billion, with a 52-week trading range between $60.50 and $116.83.
• Wall Street analysts maintain a consensus rating of "Buy" for Workiva, with a consensus price target of $100.00, backed by several recent analysts' reports increasing their price objectives for the stock.

Acadian Asset Management LLC bought a new position in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 52,223 shares of the software maker's stock, valued at approximately $3,959,000. Acadian Asset Management LLC owned about 0.09% of Workiva as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Workiva in the 1st quarter worth about $26,000. Farther Finance Advisors LLC increased its position in shares of Workiva by 705.9% during the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock valued at $31,000 after purchasing an additional 360 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Workiva during the 1st quarter valued at about $39,000. Harbour Investments Inc. bought a new position in shares of Workiva during the 1st quarter valued at about $39,000. Finally, Bessemer Group Inc. increased its position in shares of Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after purchasing an additional 296 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Performance

WK traded down $0.94 on Friday, hitting $79.60. 1,335,193 shares of the company were exchanged, compared to its average volume of 751,967. The firm has a fifty day simple moving average of $74.94 and a two-hundred day simple moving average of $73.04. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The stock has a market capitalization of $4.46 billion, a PE ratio of -66.33 and a beta of 0.88.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. Workiva's revenue was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities analysts expect that Workiva Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Workiva from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Wolfe Research increased their price objective on Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Stifel Nicolaus increased their price objective on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Wall Street Zen upgraded Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Raymond James Financial reduced their price objective on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $100.00.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.