Comerica Bank Purchases 33,829 Shares of Workiva Inc. $WK

Comerica Bank increased its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 28.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,317 shares of the software maker's stock after acquiring an additional 33,829 shares during the period. Comerica Bank owned about 0.27% of Workiva worth $13,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in Workiva during the fourth quarter worth about $210,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Workiva by 21.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,993 shares of the software maker's stock worth $1,466,000 after acquiring an additional 2,956 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Workiva during the fourth quarter worth about $246,000. First Horizon Corp raised its holdings in Workiva by 112.1% during the fourth quarter. First Horizon Corp now owns 509 shares of the software maker's stock worth $44,000 after acquiring an additional 269 shares in the last quarter. Finally, Lakehouse Capital Pty Ltd bought a new stake in Workiva during the fourth quarter worth about $13,109,000. Institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

WK has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Workiva from $92.00 to $83.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Robert W. Baird dropped their target price on Workiva from $115.00 to $86.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Truist Financial reiterated a "buy" rating and set a $90.00 target price (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Workiva in a report on Wednesday, January 21st. Finally, Stephens set a $90.00 target price on Workiva in a report on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $95.00.

Workiva Stock Up 0.4%

Shares of NYSE WK opened at $54.14 on Wednesday. The business's 50 day moving average price is $59.07 and its two-hundred day moving average price is $75.82. The company has a market cap of $3.08 billion, a PE ratio of -112.79 and a beta of 0.68. Workiva Inc. has a twelve month low of $50.98 and a twelve month high of $97.10.

Workiva (NYSE:WK - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $238.94 million for the quarter, compared to analyst estimates of $235.13 million. Workiva's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. As a group, research analysts anticipate that Workiva Inc. will post 0.53 EPS for the current fiscal year.

Workiva declared that its Board of Directors has authorized a share repurchase program on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Workiva Profile

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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