Strs Ohio Invests $319,000 in Workiva Inc. $WK

Key Points

• Strs Ohio has invested approximately $319,000 in Workiva Inc., acquiring 4,200 shares, according to a recent SEC filing.
• Workiva reported a 21.2% increase in quarterly revenue compared to the same period last year, with earnings per share of $0.19, surpassing estimates.
• Analysts have a consensus buy rating for Workiva stock, with a target price recently updated to $100.00 from various analysts.

Strs Ohio acquired a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,200 shares of the software maker's stock, valued at approximately $319,000.

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

Workiva Price Performance

WK opened at $83.35 on Wednesday. The firm has a market capitalization of $4.67 billion, a PE ratio of -69.46 and a beta of 0.88. The business's 50-day moving average is $75.57 and its two-hundred day moving average is $72.88. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Workiva Inc. will post -0.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WK shares. Robert W. Baird set a $105.00 price target on shares of Workiva in a research note on Wednesday, June 25th. Citigroup lifted their target price on Workiva from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Raymond James Financial dropped their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus lifted their price objective on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Wall Street Zen raised shares of Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target 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.

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