Conestoga Capital Advisors LLC decreased its holdings in Workiva Inc. (NYSE:WK - Free Report) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,170,311 shares of the software maker's stock after selling 8,868 shares during the period. Conestoga Capital Advisors LLC owned 2.10% of Workiva worth $80,108,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in WK. Farther Finance Advisors LLC lifted its position in shares of Workiva by 705.9% in the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after buying an additional 360 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Workiva by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker's stock worth $1,488,000 after buying an additional 371 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Workiva by 109.2% in the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after buying an additional 296 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Workiva in the first quarter worth about $2,618,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Workiva by 13.9% in the first quarter. Teacher Retirement System of Texas now owns 8,734 shares of the software maker's stock worth $663,000 after buying an additional 1,066 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Workiva Stock Performance
Shares of NYSE WK opened at $87.79 on Monday. The business's 50 day moving average price is $81.28 and its 200-day moving average price is $73.20. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $116.83. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -73.16 and a beta of 0.87.
Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to analysts' expectations of $208.92 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company's quarterly 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. Sell-side analysts predict that Workiva Inc. will post -0.92 earnings per share for the current year.
Analyst Upgrades and Downgrades
WK has been the topic of a number of research analyst reports. Capital One Financial set a $100.00 target price on Workiva in a research report on Tuesday, September 30th. BMO Capital Markets boosted their target price on Workiva from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Wolfe Research boosted their target price on Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Citigroup upped 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. Finally, Raymond James Financial decreased 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 and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Workiva has a consensus rating of "Moderate Buy" and a consensus target price of $99.27.
View Our Latest Research Report on WK
Workiva Profile
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Free Report)
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.
Further Reading
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