Fifth Third Bancorp Grows Holdings in Workiva Inc. $WK

Fifth Third Bancorp increased its position in shares of Workiva Inc. (NYSE:WK) by 10,410.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,295 shares of the software maker’s stock after buying an additional 116,179 shares during the period. Fifth Third Bancorp’s holdings in Workiva were worth $6,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WK. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Workiva during the fourth quarter valued at about $26,000. Leonteq Securities AG acquired a new position in shares of Workiva in the fourth quarter worth about $27,000. Quarry LP boosted its holdings in Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after purchasing an additional 325 shares during the last quarter. Allworth Financial LP boosted its holdings in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after purchasing an additional 186 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Workiva by 297.1% during the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock valued at $36,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WK. BTIG Research dropped their price objective on Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Stifel Nicolaus decreased their price target on shares of Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Zacks Research downgraded shares of Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings lowered shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

Workiva Stock Performance

NYSE:WK opened at $56.99 on Friday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 247.80 and a beta of 0.50. Workiva Inc. has a one year low of $43.34 and a one year high of $97.10. The stock has a 50-day simple moving average of $49.60 and a 200 day simple moving average of $60.72.

Workiva (NYSE:WK) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The firm had revenue of $247.31 million for the quarter, compared to analysts’ expectations of $245.17 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Workiva’s revenue for the quarter was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. On average, equities research analysts forecast that Workiva Inc. will post 0.92 EPS for the current fiscal year.

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.