Intech Investment Management LLC Has $2.13 Million Stake in Workiva Inc. $WK

Key Points

• Intech Investment Management LLC increased its stake in Workiva Inc. by 46.1%, acquiring an additional 8,866 shares during the first quarter, bringing their total ownership to approximately 0.05% of the company, valued at $2,134,000.
• Several hedge funds have recently changed their positions in Workiva, with 92.21% of the stock now owned by institutional investors, indicating strong institutional interest.
• Workiva's stock has received multiple buy ratings from analysts, with an average target price of $100.00, and the company reported a 21.2% year-over-year revenue increase in its last quarterly earnings.

Intech Investment Management LLC raised its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 46.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,118 shares of the software maker's stock after buying an additional 8,866 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Workiva worth $2,134,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WK. SVB Wealth LLC acquired a new stake in Workiva during the 1st quarter valued at $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after purchasing an additional 360 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Workiva during the first quarter worth $39,000. Harbour Investments Inc. acquired a new stake in shares of Workiva during the first quarter worth $39,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after purchasing an additional 296 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Stock Down 1.2%

WK stock traded down $0.94 during mid-day trading on Friday, reaching $79.60. 1,335,193 shares of the stock traded hands, compared to its average volume of 751,967. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The business has a 50-day moving average of $74.94 and a two-hundred day moving average of $73.04. The firm has a market capitalization of $4.46 billion, a PE ratio of -66.33 and a beta of 0.88.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, equities research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WK shares. Citigroup raised their price objective on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. Stifel Nicolaus lifted their target price on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Raymond James Financial reduced their target price on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Robert W. Baird set a $105.00 target price on Workiva in a report on Wednesday, June 25th. Finally, Wolfe Research lifted their target price on Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $100.00.

Workiva Profile

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.