First Trust Advisors LP Reduces Stock Position in Workiva Inc. $WK

First Trust Advisors LP lessened its holdings in Workiva Inc. (NYSE:WK) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 812,760 shares of the software maker’s stock after selling 151,587 shares during the quarter. First Trust Advisors LP’s holdings in Workiva were worth $69,962,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Workiva by 287.8% during the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock worth $25,000 after purchasing an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after purchasing an additional 268 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in Workiva in the 2nd quarter worth about $51,000. Essex Investment Management Co. LLC purchased a new position in Workiva in the 3rd quarter worth about $63,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Workiva by 52.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock valued at $109,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of Workiva stock opened at $62.18 on Wednesday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of -129.55 and a beta of 0.65. The firm’s 50-day moving average is $73.34 and its two-hundred day moving average is $81.71. Workiva Inc. has a 1 year low of $56.06 and a 1 year high of $97.10.

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

Workiva announced that its board has authorized a share repurchase program on Monday, February 16th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WK shares. Robert W. Baird lowered their price objective on shares of Workiva from $115.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $102.00 price target on shares of Workiva in a report on Friday, February 20th. Stephens set a $90.00 price objective on Workiva in a research note on Friday, February 20th. Finally, Truist Financial restated a “buy” rating and set a $90.00 price objective (down from $110.00) on shares of Workiva in a report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and an average target price of $95.38.

Workiva Company 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.