Bank of New York Mellon Corp Takes Position in Workiva Inc. $WK

Key Points

• Bank of New York Mellon acquired 211,125 Workiva shares worth approximately $10.2 million, representing about 0.38% of the company. Institutional investors collectively own 92.21% of Workiva.
• Analysts maintain a generally positive outlook, with Workiva carrying a “Moderate Buy” consensus rating and an average price target of $88.58. Recent opinions included upgrades from Zacks Research and Robert W. Baird, while BTIG lowered its target to $70.
• Workiva exceeded quarterly expectations, reporting $0.77 in EPS versus the $0.64 consensus and revenue of $255.29 million, up 18.6% year over year. Shares opened at $75.92, with the stock trading well above its 50-day and 200-day moving averages.

Bank of New York Mellon Corp purchased a new stake in Workiva Inc. (NYSE:WK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 211,125 shares of the software maker's stock, valued at approximately $10,242,000. Bank of New York Mellon Corp owned approximately 0.38% of Workiva as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Workiva by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 532 shares of the software maker's stock worth $26,000 after purchasing an additional 356 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Workiva in the fourth quarter valued at $26,000. Leonteq Securities AG purchased a new stake in shares of Workiva in the fourth quarter valued at $27,000. Allworth Financial LP boosted its position in shares of Workiva by 82.3% in the third 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. Finally, Quarry LP boosted its position in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker's stock worth $35,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Workiva from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. BTIG Research reduced their price objective on Workiva from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Weiss Ratings upgraded Workiva from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $95.00 target price on Workiva in a research note on Thursday, August 27th. Finally, Robert W. Baird upped their target price on Workiva from $74.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Workiva presently has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Insiders Place Their Bets

In other Workiva news, EVP Brandon Ziegler sold 6,571 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president directly owned 126,216 shares of the company's stock, valued at $9,588,629.52. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.77% of the stock is currently owned by insiders.

Workiva Stock Down 1.0%

Workiva stock opened at $75.92 on Thursday. The company's fifty day simple moving average is $61.71 and its 200-day simple moving average is $57.32. Workiva Inc. has a 12 month low of $43.34 and a 12 month high of $97.10. The stock has a market cap of $4.26 billion, a P/E ratio of 92.58 and a beta of 0.49.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $255.29 million during the quarter, compared to analyst estimates of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.Workiva's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. On average, equities research analysts expect that Workiva Inc. will post 1.31 earnings per share for the current fiscal year.

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.

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