Riverbridge Partners LLC Has $99.48 Million Position in Workiva Inc. $WK

Riverbridge Partners LLC lessened its stake in shares of Workiva Inc. (NYSE:WK) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,153,427 shares of the software maker’s stock after selling 137,443 shares during the period. Workiva accounts for 1.9% of Riverbridge Partners LLC’s portfolio, making the stock its 14th largest holding. Riverbridge Partners LLC owned 2.05% of Workiva worth $99,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WK. Millennium Management LLC boosted its holdings in shares of Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after buying an additional 73,266 shares during the period. Empowered Funds LLC acquired a new position in Workiva in the 1st quarter valued at $421,000. Legal & General Group Plc raised its holdings in Workiva by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 55,961 shares of the software maker’s stock worth $3,831,000 after acquiring an additional 1,803 shares during the period. Rhumbline Advisers raised its holdings in Workiva by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 77,141 shares of the software maker’s stock worth $5,280,000 after acquiring an additional 2,646 shares during the period. Finally, Prudential Financial Inc. lifted its position in Workiva by 66.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock worth $428,000 after acquiring an additional 2,505 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of Workiva stock opened at $59.24 on Friday. The company has a market cap of $3.37 billion, a PE ratio of -123.42 and a beta of 0.65. The firm has a fifty day moving average price of $67.04 and a two-hundred day moving average price of $80.14. Workiva Inc. has a fifty-two week low of $56.06 and a fifty-two week high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The company had revenue of $238.94 million for the quarter, compared to the consensus estimate of $235.13 million. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. Analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

Workiva declared that its board has approved a stock repurchase plan on Monday, February 16th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. BTIG Research dropped their price objective on Workiva from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, January 21st. Stifel Nicolaus decreased their target price on Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of Workiva in a report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Workiva has an average rating of “Moderate Buy” and an average price target of $95.38.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.