Workiva Inc. $WK Shares Bought by Aberdeen Group plc

Key Points

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Aberdeen Group plc boosted its position in Workiva Inc. (NYSE:WK - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,639 shares of the software maker's stock after purchasing an additional 23,659 shares during the quarter. Aberdeen Group plc owned about 0.45% of Workiva worth $19,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Workiva in the 1st quarter valued at about $698,000. Caitong International Asset Management Co. Ltd bought a new stake in Workiva in the 1st quarter valued at about $205,000. Virtu Financial LLC bought a new stake in Workiva in the 1st quarter valued at about $240,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Workiva by 22.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,092 shares of the software maker's stock valued at $9,951,000 after purchasing an additional 23,757 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Workiva in the 1st quarter valued at about $171,000. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on WK shares. Raymond James Financial cut their price objective on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Robert W. Baird set a $105.00 price objective on shares of Workiva in a research report on Wednesday, June 25th. Citigroup reissued a "buy" rating and set a $105.00 target price (down previously from $108.00) on shares of Workiva in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Stephens reissued an "overweight" rating and set a $95.00 target price on shares of Workiva in a research note on Thursday, May 22nd. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $99.22.

Workiva Stock Up 3.9%

Workiva stock traded up $3.0150 during trading hours on Friday, hitting $79.8450. 974,220 shares of the company traded hands, compared to its average volume of 936,527. The firm has a market cap of $4.47 billion, a P/E ratio of -66.54 and a beta of 0.86. The firm's 50-day simple moving average is $70.36 and its two-hundred day simple moving average is $74.38. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. 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 research analysts predict that Workiva Inc. will post -0.92 earnings per share for the current year.

Workiva Profile

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.