Mutual of America Capital Management LLC Grows Position in Workiva Inc. $WK

Key Points

• Mutual of America Capital Management LLC increased its stake in Workiva Inc. by 20.5%, owning 93,101 shares worth approximately $6.37 million as of the latest SEC filing.
• Workiva's quarterly earnings surpassed analyst expectations with earnings per share of $0.19, compared to estimates of $0.05, and revenue of $215.19 million, which was above the forecast of $208.92 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Workiva, with ten analysts rating the stock as a buy and a consensus target price of $99.27.

Mutual of America Capital Management LLC boosted its stake in Workiva Inc. (NYSE:WK - Free Report) by 20.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,101 shares of the software maker's stock after purchasing an additional 15,817 shares during the quarter. Mutual of America Capital Management LLC owned about 0.17% of Workiva worth $6,373,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC grew its stake in Workiva by 13.2% during the second quarter. CWM LLC now owns 9,243 shares of the software maker's stock worth $633,000 after buying an additional 1,077 shares during the period. KLP Kapitalforvaltning AS grew its stake in Workiva by 8.4% during the second quarter. KLP Kapitalforvaltning AS now owns 10,300 shares of the software maker's stock worth $705,000 after buying an additional 800 shares during the period. Hilltop National Bank purchased a new position in shares of Workiva in the second quarter valued at $66,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Workiva by 9.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,972 shares of the software maker's stock valued at $477,000 after purchasing an additional 585 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Workiva by 20.7% in the second quarter. Harbor Capital Advisors Inc. now owns 16,021 shares of the software maker's stock valued at $1,097,000 after purchasing an additional 2,752 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Price Performance

Shares of WK opened at $89.39 on Tuesday. The company has a 50-day moving average of $81.62 and a two-hundred day moving average of $73.35. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -74.49 and a beta of 0.87. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WK. Raymond James Financial cut their price target on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Capital One Financial set a $100.00 price target on shares of Workiva in a research report on Tuesday, September 30th. Stifel Nicolaus increased their price objective on shares of Workiva from $85.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. BMO Capital Markets boosted their target price on shares of Workiva from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Finally, Wolfe Research raised their price target on shares of Workiva from $85.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Workiva has an average rating of "Moderate Buy" and a consensus target price of $99.27.

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.

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