Versor Investments LP Makes New $534,000 Investment in Workiva Inc. $WK

Key Points

• Versor Investments LP has acquired 7,037 shares of Workiva Inc. valued at approximately $534,000, marking a new investment in the firm during the first quarter.
• Multiple institutional investors have significantly adjusted their positions in Workiva, with the Canada Pension Plan Investment Board increasing its stake by 3,338.5% in the fourth quarter.
• Analysts maintain a positive outlook with nine equities research analysts rating Workiva as a Buy, and the average target price set at $99.22.

Versor Investments LP purchased a new stake in shares of Workiva Inc. (NYSE:WK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,037 shares of the software maker's stock, valued at approximately $534,000.

Several other hedge funds have also modified their holdings of WK. Point72 Asset Management L.P. purchased a new stake in shares of Workiva during the fourth quarter valued at about $32,863,000. T. Rowe Price Investment Management Inc. raised its position in shares of Workiva by 10.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock valued at $235,209,000 after purchasing an additional 200,220 shares during the last quarter. Engle Capital Management L.P. purchased a new position in shares of Workiva in the 4th quarter valued at approximately $20,367,000. LMR Partners LLP purchased a new position in shares of Workiva in the 4th quarter valued at approximately $16,151,000. Finally, Vanguard Group Inc. raised its position in shares of Workiva by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker's stock valued at $451,085,000 after purchasing an additional 142,297 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WK has been the subject of several research analyst reports. Robert W. Baird set a $105.00 price objective on shares of Workiva in a research report on Wednesday, June 25th. Citigroup reaffirmed a "buy" rating and issued a $105.00 price objective (down from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Stephens reiterated an "overweight" rating and issued a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus cut their price target on shares of Workiva from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Workiva presently has a consensus rating of "Buy" and an average price target of $99.22.

Workiva Stock Down 1.7%

Shares of NYSE WK traded down $1.3940 during midday trading on Monday, reaching $78.5860. 632,553 shares of the stock were exchanged, compared to its average volume of 966,236. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -65.49 and a beta of 0.86. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $116.83. The firm has a 50-day simple moving average of $70.58 and a two-hundred day simple moving average of $74.06.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million for the quarter, compared to analyst estimates 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 in the previous year, the business earned $0.16 EPS. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Research analysts expect that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Workiva Company 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.