Orser Capital Management LLC Decreases Stock Position in Workiva Inc. $WK

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 trimmed its holdings in Workiva Inc. (NYSE:WK - Free Report) by 13.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,987 shares of the software maker's stock after selling 7,475 shares during the period. Workiva accounts for approximately 2.5% of Orser Capital Management LLC's holdings, making the stock its 17th largest holding. Orser Capital Management LLC owned approximately 0.09% of Workiva worth $3,353,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its position in Workiva by 10,282.0% during the 4th quarter. Lazard Asset Management LLC now owns 15,573 shares of the software maker's stock valued at $1,705,000 after purchasing an additional 15,423 shares during the period. Nuveen Asset Management LLC increased its stake in Workiva by 0.3% in the fourth quarter. Nuveen Asset Management LLC now owns 588,428 shares of the software maker's stock valued at $64,433,000 after acquiring an additional 1,909 shares during the period. Nomura Holdings Inc. bought a new position in Workiva in the 4th quarter valued at $250,000. Quantinno Capital Management LP boosted its holdings in Workiva by 27.5% in the fourth quarter. Quantinno Capital Management LP now owns 3,342 shares of the software maker's stock valued at $366,000 after acquiring an additional 720 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Workiva by 37.8% in the fourth quarter. Two Sigma Investments LP now owns 112,429 shares of the software maker's stock valued at $12,311,000 after purchasing an additional 30,829 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup increased their price target on Workiva from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Raymond James Financial lowered their price target on Workiva from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wolfe Research upped their target price on Workiva from $85.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Stifel Nicolaus upped their price target on Workiva from $85.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Robert W. Baird set a $105.00 target price on Workiva in a research note on Wednesday, June 25th. Ten analysts have rated the stock with a Buy rating, According to MarketBeat.com, Workiva presently has a consensus rating of "Buy" and an average price target of $100.00.

Workiva Trading Down 1.2%

Workiva stock traded down $0.94 during mid-day trading on Friday, hitting $79.60. The company had a trading volume of 1,335,193 shares, compared to its average volume of 751,967. The company has a market capitalization of $4.46 billion, a PE ratio of -66.33 and a beta of 0.88. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The stock's 50 day moving average price is $74.94 and its two-hundred day moving average price is $73.04.

Workiva (NYSE:WK - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The business 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 business posted $0.16 EPS. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. Equities research analysts anticipate that Workiva Inc. will post -0.92 EPS for the current 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.