Workiva Inc. $WK Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in shares of Workiva Inc. (NYSE:WK) by 50.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,368,401 shares of the software maker’s stock after buying an additional 460,540 shares during the period. Nordea Investment Management AB owned 2.44% of Workiva worth $115,589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Workiva by 287.8% in the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Wealth Alliance LLC lifted its stake in shares of Workiva by 8.2% in the 2nd quarter. Wealth Alliance LLC now owns 3,122 shares of the software maker’s stock valued at $214,000 after purchasing an additional 236 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Workiva by 6.8% during the 2nd quarter. Atria Investments Inc now owns 4,629 shares of the software maker’s stock worth $317,000 after purchasing an additional 293 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in 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 valued at $168,000 after buying an additional 304 shares during the period. Finally, California Public Employees Retirement System grew its stake in 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. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WK has been the subject of several recent research reports. Truist Financial increased their price target on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 7th. Capital One Financial set a $100.00 price objective on shares of Workiva in a research note on Tuesday, September 30th. UBS Group set a $110.00 target price on shares of Workiva in a research report on Sunday, November 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 price target on shares of Workiva in a report on Wednesday, December 10th. Finally, Stifel Nicolaus set a $98.00 price objective on shares of Workiva in a report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Workiva Trading Down 1.0%

WK stock opened at $88.40 on Wednesday. The company has a market capitalization of $4.96 billion, a P/E ratio of -105.23 and a beta of 0.60. The firm has a 50 day simple moving average of $89.03 and a 200-day simple moving average of $82.16. Workiva Inc. has a twelve month low of $60.50 and a twelve month high of $115.49.

Workiva (NYSE:WK) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The company had revenue of $224.17 million for the quarter, compared to the consensus estimate of $218.96 million. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, research analysts predict that Workiva Inc. will post -0.92 EPS for the current year.

About Workiva

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.