Ranger Investment Management L.P. Buys Shares of 266,945 Workiva Inc. $WK

Key Points

• Ranger Investment Management purchased 266,945 Workiva shares worth approximately $12.95 million, taking a 0.48% stake. Institutional investors collectively own 92.21% of the company.
• Workiva exceeded quarterly expectations, reporting $0.77 in adjusted EPS versus the $0.64 consensus and revenue of $255.29 million, up 18.6% year over year.
• Workiva shares opened at $74.75, while analysts maintain a “Moderate Buy” consensus with an average price target of $84.75; recent insider activity included stock sales by an executive vice president and a director.

Ranger Investment Management L.P. purchased a new position in shares of Workiva Inc. (NYSE:WK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 266,945 shares of the software maker's stock, valued at approximately $12,950,000. Ranger Investment Management L.P. owned 0.48% of Workiva as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Madison Asset Management LLC purchased a new stake in shares of Workiva during the 2nd quarter valued at $4,365,000. Summit Creek Advisors LLC bought a new position in Workiva in the 2nd quarter worth $3,916,000. Bank of New York Mellon Corp bought a new position in shares of Workiva in the 2nd quarter worth approximately $10,242,000. Handelsbanken Fonder AB lifted its position in Workiva by 1.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 16,095 shares of the software maker's stock valued at $781,000 after acquiring an additional 200 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in Workiva in the second quarter worth $4,661,000. Institutional investors own 92.21% of the company's stock.

Insider Activity at Workiva

In related news, EVP Brandon Ziegler sold 6,571 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the transaction, the executive vice president owned 126,216 shares of the company's stock, valued at approximately $9,588,629.52. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert H. Herz sold 1,000 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 34,802 shares of the company's stock, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.77% of the stock is owned by corporate insiders.

Workiva Stock Performance

Workiva stock opened at $74.75 on Monday. The stock has a market cap of $4.19 billion, a PE ratio of 91.16 and a beta of 0.46. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10. The stock has a fifty day moving average of $57.07 and a 200 day moving average of $56.86.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $255.29 million for the quarter, compared to analysts' expectations of $251.16 million. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The business's revenue for the quarter was up 18.6% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. As a group, sell-side analysts predict that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on WK. BTIG Research cut their target price on Workiva from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. UBS Group set a $70.00 target price on shares of Workiva in a research note on Wednesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Workiva in a report on Thursday, August 6th. Stephens reiterated an "overweight" rating and issued a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. Finally, Zacks Research raised shares of Workiva from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Workiva currently has an average rating of "Moderate Buy" and a consensus price target of $84.75.

About Workiva

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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