Workiva Inc. $WK Shares Sold by Orser Capital Management LLC

Key Points

• Orser Capital Management LLC has decreased its stake in Workiva Inc. by 13.2%, resulting in ownership of 48,987 shares after selling 7,475 shares during the second quarter.
• Analysts have a consensus "Buy" rating for Workiva, with a target price averaging $100.00—up from previous estimates by Citigroup and others.
• Workiva reported a 21.2% year-over-year revenue growth in its latest quarterly earnings, with a revenue of $215.19 million, significantly exceeding analysts' expectations.

Orser Capital Management LLC decreased its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,987 shares of the software maker's stock after selling 7,475 shares during the period. Workiva accounts for about 2.5% of Orser Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Orser Capital Management LLC owned 0.09% of Workiva worth $3,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WK. SVB Wealth LLC bought a new stake in Workiva during the first quarter worth approximately $26,000. Farther Finance Advisors LLC raised its holdings in Workiva by 705.9% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the software maker's stock worth $31,000 after purchasing an additional 360 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Workiva during the first quarter worth approximately $39,000. Harbour Investments Inc. bought a new stake in Workiva during the first quarter worth approximately $39,000. Finally, Bessemer Group Inc. raised its holdings 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 purchasing an additional 296 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup boosted their target price on Workiva from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. Wall Street Zen raised Workiva from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stephens reaffirmed an "overweight" rating and issued a $95.00 price target on shares of Workiva in a report on Thursday, May 22nd. Robert W. Baird set a $105.00 price target on Workiva in a report on Wednesday, June 25th. Finally, 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 report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $100.00.

Workiva Stock Up 1.2%

Workiva stock opened at $78.39 on Tuesday. The company's fifty day simple moving average is $74.12 and its 200-day simple moving average is $73.03. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The stock has a market cap of $4.39 billion, a P/E ratio of -65.32 and a beta of 0.88.

Workiva (NYSE:WK - Get Free Report) last posted 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 company had revenue of $215.19 million for the quarter, compared to analysts' expectations of $208.92 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company's revenue was up 21.2% on a year-over-year basis. 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 expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

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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