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

Riverbridge Partners LLC cut its position in shares of Workiva Inc. (NYSE:WK) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,153,427 shares of the software maker’s stock after selling 137,443 shares during the period. Workiva accounts for about 1.9% of Riverbridge Partners LLC’s investment portfolio, making the stock its 14th largest holding. Riverbridge Partners LLC’s holdings in Workiva were worth $99,483,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Millennium Management LLC lifted its position in Workiva by 44.5% in the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after purchasing an additional 73,266 shares during the period. Empowered Funds LLC bought a new stake in Workiva in the 1st quarter valued at $421,000. Legal & General Group Plc increased 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 valued at $3,831,000 after buying an additional 1,803 shares during the period. Rhumbline Advisers raised its stake in shares of Workiva by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 77,141 shares of the software maker’s stock valued at $5,280,000 after buying an additional 2,646 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Workiva by 66.7% in the 2nd quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after buying an additional 2,505 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva Trading Up 1.1%

Shares of Workiva stock opened at $59.24 on Friday. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -123.42 and a beta of 0.65. The firm’s 50-day moving average price is $67.04 and its two-hundred day moving average price is $80.14. Workiva Inc. has a 1-year low of $56.06 and a 1-year high of $97.10.

Workiva (NYSE:WK) last posted its earnings results on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.10. The firm had revenue of $238.94 million during the quarter, compared to the consensus estimate of $235.13 million. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts predict that Workiva Inc. will post -0.92 EPS for the current year.

Workiva declared that its board has approved a share repurchase program on Monday, February 16th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Workiva from $98.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. BTIG Research dropped their price target on shares of Workiva from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Truist Financial restated a “buy” rating and set a $90.00 price target (down from $110.00) on shares of Workiva in a research note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Finally, BMO Capital Markets lowered their price objective on Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.38.

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.