WINTON GROUP Ltd Purchases Shares of 11,536 Workiva Inc. $WK

WINTON GROUP Ltd purchased a new position in shares of Workiva Inc. (NYSE:WK) during the second quarter, Holdings Channel.com reports. The fund purchased 11,536 shares of the software maker’s stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Alliance LLC boosted its stake in Workiva by 8.2% in the 2nd quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker’s stock worth $214,000 after purchasing an additional 236 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Workiva by 6.8% in the second quarter. Atria Investments Inc now owns 4,629 shares of the software maker’s stock worth $317,000 after buying an additional 293 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Workiva by 14.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,453 shares of the software maker’s stock worth $168,000 after buying an additional 304 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Workiva by 0.4% during the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock worth $5,626,000 after buying an additional 342 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of Workiva during the first quarter valued at $26,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WK. Raymond James Financial reissued an “outperform” rating and issued a $105.00 target price on shares of Workiva in a research report on Wednesday. UBS Group set a $110.00 price objective on Workiva in a report on Sunday, November 9th. Citigroup raised their price objective on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. BMO Capital Markets upped their target price on Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Stifel Nicolaus set a $98.00 price target on shares of Workiva in a report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Workiva Stock Down 3.0%

Shares of WK opened at $85.87 on Friday. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of -102.23 and a beta of 0.64. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The stock’s 50-day moving average price is $89.06 and its 200-day moving average price is $78.70.

Workiva (NYSE:WK) last announced its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating 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. The company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. As a group, equities analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

About Workiva

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.