Healthcare of Ontario Pension Plan Trust Fund Takes Position in Workiva Inc. $WK

Key Points

• Healthcare of Ontario Pension Plan Trust Fund bought 85,762 Workiva shares worth approximately $5.1 million, while institutional investors and hedge funds collectively own 92.21% of the company.
• Workiva exceeded quarterly expectations, reporting $0.77 in EPS versus a $0.66 consensus estimate and $247.31 million in revenue, up 19.9% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an $88.50 target price, although several firms recently lowered their targets; the stock recently traded at $61.47.

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 85,762 shares of the software maker's stock, valued at approximately $5,114,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.15% of Workiva as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Millennium Management LLC boosted its position in shares of Workiva by 44.5% in the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker's stock valued at $18,047,000 after purchasing an additional 73,266 shares during the period. Empowered Funds LLC acquired a new stake in Workiva during the 1st quarter worth about $421,000. Prudential Financial Inc. lifted its stake in Workiva by 66.7% during the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker's stock valued at $428,000 after buying an additional 2,505 shares in the last quarter. Cerity Partners LLC lifted its stake in Workiva by 24.8% during the second quarter. Cerity Partners LLC now owns 3,297 shares of the software maker's stock valued at $226,000 after buying an additional 656 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Workiva by 0.4% in the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker's stock worth $5,626,000 after buying an additional 342 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workiva

In other news, Director Robert H. Herz sold 1,000 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.77% of the company's stock.

Workiva Stock Performance

Shares of NYSE WK opened at $61.47 on Thursday. The business has a 50 day simple moving average of $51.00 and a 200 day simple moving average of $58.74. Workiva Inc. has a 52 week low of $43.34 and a 52 week high of $97.10. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 267.26 and a beta of 0.50.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, analysts predict that Workiva Inc. will post 0.92 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WK shares. Zacks Research downgraded shares of Workiva from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Stifel Nicolaus reduced their price target on shares of Workiva from $79.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reiterated an "outperform" rating and set a $85.00 price objective on shares of Workiva in a research report on Wednesday, May 6th. BTIG Research cut their target price on shares of Workiva from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

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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