Workiva Inc. $WK Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc has reduced its holdings in Workiva Inc. by 12.9%, owning approximately 0.39% of the company, worth about $15 million.
• Investment analysts have differing views on Workiva, with BMO Capital Markets raising their target price to $100 and Weiss Ratings maintaining a "sell" rating.
• Workiva reported earnings per share of $0.19 for the last quarter, exceeding estimates, with revenue growth of 21.2% year-over-year.

Aberdeen Group plc decreased its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,121 shares of the software maker's stock after selling 32,518 shares during the quarter. Aberdeen Group plc owned approximately 0.39% of Workiva worth $15,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after acquiring an additional 296 shares during the period. GSA Capital Partners LLP bought a new position in Workiva in the 1st quarter worth about $877,000. AQR Capital Management LLC grew its position in Workiva by 86.5% in the 1st quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker's stock worth $6,445,000 after purchasing an additional 39,371 shares during the last quarter. Acadian Asset Management LLC bought a new position in Workiva in the 1st quarter worth about $3,959,000. Finally, Fred Alger Management LLC bought a new position in Workiva in the 1st quarter worth about $8,492,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

WK has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Workiva from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded shares of Workiva from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial decreased their target price on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Workiva in a research report on Wednesday, October 8th. Finally, Capital One Financial set a $100.00 target price on shares of Workiva in a research report on Tuesday, September 30th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Workiva has an average rating of "Moderate Buy" and a consensus target price of $99.27.

Workiva Price Performance

Workiva stock opened at $87.73 on Wednesday. The firm has a 50 day simple moving average of $80.60 and a 200-day simple moving average of $72.95. The stock has a market capitalization of $4.91 billion, a PE ratio of -73.11 and a beta of 0.87. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. The company's revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $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, analysts forecast that Workiva Inc. will post -0.92 earnings per share 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.

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