Alliancebernstein L.P. Has $59.22 Million Stock Position in Workiva Inc. $WK

Alliancebernstein L.P. boosted its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 1,177.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 780,130 shares of the software maker's stock after buying an additional 719,062 shares during the quarter. Alliancebernstein L.P. owned 1.39% of Workiva worth $59,220,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WK. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Workiva during the 4th quarter valued at about $827,000. LMR Partners LLP bought a new stake in Workiva during the fourth quarter worth approximately $16,151,000. Lazard Asset Management LLC boosted its stake in shares of Workiva by 10,282.0% during the 4th quarter. Lazard Asset Management LLC now owns 15,573 shares of the software maker's stock worth $1,705,000 after acquiring an additional 15,423 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Workiva by 50.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 6,191 shares of the software maker's stock worth $678,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Workiva by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 588,428 shares of the software maker's stock worth $64,433,000 after acquiring an additional 1,909 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WK. Robert W. Baird set a $105.00 price objective on Workiva in a research note on Wednesday, June 25th. Wolfe Research increased their price target on Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday. Raymond James Financial decreased their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Citigroup raised their target price on shares of Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Stifel Nicolaus raised their target price on shares of Workiva from $85.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $100.00.

Workiva Trading Down 1.9%

NYSE WK traded down $1.52 during trading on Friday, reaching $76.93. 73,191 shares of the company's stock were exchanged, compared to its average volume of 698,977. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The firm has a market capitalization of $4.31 billion, a PE ratio of -64.11 and a beta of 0.88. The company's fifty day simple moving average is $73.76 and its 200-day simple moving average is $73.35.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 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 analyst estimates of $208.92 million. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Equities analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

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.