Workiva Inc. $WK Holdings Decreased by TD Asset Management Inc

Key Points

• TD Asset Management trimmed its stake in Workiva by 40.2% in Q3, selling 16,634 shares and leaving it with 24,720 shares valued at about $2.13 million.
• Workiva beat the recent quarter's expectations with $0.78 EPS vs. $0.68 expected and revenue of $238.94M (up 19.5% YoY), and the board authorized a $250 million buyback (about 7.7% of shares) while setting FY2026 EPS guidance of 2.660–2.760.
• Analysts remain largely bullish—11 Buys vs. 1 Sell—with a MarketBeat average rating of "Moderate Buy" and an average price target of $95.38, despite several recent target cuts.

TD Asset Management Inc trimmed its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,720 shares of the software maker's stock after selling 16,634 shares during the period. TD Asset Management Inc's holdings in Workiva were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of Workiva by 44.5% in the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker's stock valued at $18,047,000 after purchasing an additional 73,266 shares during the period. Empowered Funds LLC purchased a new position in Workiva during the first quarter valued at approximately $421,000. Teacher Retirement System of Texas boosted its stake in shares of Workiva by 5.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,201 shares of the software maker's stock valued at $630,000 after buying an additional 467 shares during the period. Atria Investments Inc grew its holdings in shares of Workiva by 6.8% during the 2nd quarter. Atria Investments Inc now owns 4,629 shares of the software maker's stock valued at $317,000 after acquiring an additional 293 shares in the last quarter. Finally, EFG Asset Management North America Corp. increased its stake in shares of Workiva by 24.1% in the second quarter. EFG Asset Management North America Corp. now owns 35,196 shares of the software maker's stock worth $2,410,000 after acquiring an additional 6,825 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on WK. Stifel Nicolaus lowered their target price on Workiva from $98.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, February 20th. Stephens set a $90.00 target price on shares of Workiva in a research note on Friday, February 20th. The Goldman Sachs Group restated a "buy" rating and set a $102.00 price target on shares of Workiva in a research note on Friday, February 20th. Citigroup reaffirmed a "buy" rating on shares of Workiva in a research note on Monday, February 23rd. Finally, Truist Financial reissued a "buy" rating and set a $90.00 target price (down from $110.00) on shares of Workiva in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $95.38.

Workiva Trading Down 1.2%

Shares of Workiva stock opened at $61.77 on Thursday. Workiva Inc. has a 1 year low of $56.06 and a 1 year high of $97.10. The company's fifty day simple moving average is $75.18 and its 200-day simple moving average is $82.06. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -128.69 and a beta of 0.65.

Workiva (NYSE:WK - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The company had revenue of $238.94 million during the quarter, compared to the consensus estimate of $235.13 million. Workiva's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. As a group, research analysts forecast that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Workiva Profile

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.

Want to see what other hedge funds are holding WK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workiva Inc. (NYSE:WK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.