Versor Investments LP acquired a new stake in Workiva Inc. (NYSE:WK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,037 shares of the software maker's stock, valued at approximately $534,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WK. Farther Finance Advisors LLC lifted its position in shares of Workiva by 705.9% during the 1st quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after buying an additional 360 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Workiva in the first quarter worth about $39,000. Harbour Investments Inc. acquired a new stake in shares of Workiva in the 1st quarter valued at approximately $39,000. Bessemer Group Inc. grew its holdings in shares of Workiva by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock valued at $43,000 after purchasing an additional 296 shares during the last quarter. Finally, Global Wealth Strategies & Associates acquired a new position in Workiva during the 1st quarter worth approximately $53,000. 92.21% of the stock is currently owned by institutional investors.
Workiva Trading Up 3.9%
NYSE:WK traded up $3.0150 on Friday, reaching $79.8450. 974,220 shares of the stock traded hands, compared to its average volume of 936,527. The company's 50 day moving average is $70.36 and its 200-day moving average is $74.38. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of -66.54 and a beta of 0.86.
Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.14. The business had revenue of $215.19 million for the quarter, compared to analyst estimates of $208.92 million. The business's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities research analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
WK has been the topic of a number of research reports. Stephens reaffirmed an "overweight" rating and set a $95.00 target price on shares of Workiva in a research note on Thursday, May 22nd. Robert W. Baird set a $105.00 target price on Workiva in a report on Wednesday, June 25th. Citigroup reiterated a "buy" rating and issued a $105.00 target price (down from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus cut their target price on shares of Workiva from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $99.22.
Read Our Latest Report on Workiva
Workiva Profile
(
Free Report)
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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