Savant Capital LLC Acquires 1,180 Shares of Workiva Inc. $WK

Savant Capital LLC raised its holdings in shares of Workiva Inc. (NYSE:WK) by 41.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,997 shares of the software maker’s stock after purchasing an additional 1,180 shares during the quarter. Savant Capital LLC’s holdings in Workiva were worth $274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Creek Advisors LLC increased its holdings in Workiva by 38.3% in the second quarter. Summit Creek Advisors LLC now owns 95,108 shares of the software maker’s stock valued at $6,510,000 after purchasing an additional 26,349 shares during the last quarter. EFG Asset Management North America Corp. grew its position in shares of Workiva by 24.1% during the 2nd quarter. EFG Asset Management North America Corp. now owns 35,196 shares of the software maker’s stock worth $2,410,000 after buying an additional 6,825 shares during the period. Ceera Investments LLC acquired a new position in shares of Workiva during the 2nd quarter worth about $1,047,000. Nicholas Company Inc. increased its stake in shares of Workiva by 9.3% in the 2nd quarter. Nicholas Company Inc. now owns 80,881 shares of the software maker’s stock valued at $5,536,000 after acquiring an additional 6,850 shares during the last quarter. Finally, Atria Investments Inc raised its position in shares of Workiva by 6.8% in 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 during the period. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Up 1.6%

Shares of NYSE:WK opened at $90.49 on Wednesday. Workiva Inc. has a 12 month low of $60.50 and a 12 month high of $116.83. The company’s fifty day simple moving average is $86.06 and its 200 day simple moving average is $76.27. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -107.73 and a beta of 0.87.

Workiva (NYSE:WK) last announced its earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million during the quarter, compared to analyst estimates of $218.96 million. Workiva’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. Research analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WK has been the topic of several recent analyst reports. Wolfe Research lifted their price objective on shares of Workiva from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Stephens lifted their price target on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Workiva from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Truist Financial raised their price objective on Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Citigroup lifted 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. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and an average target price of $103.00.

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.