TimesSquare Capital Management LLC Sells 11,100 Shares of Workiva Inc. $WK

TimesSquare Capital Management LLC cut its holdings in shares of Workiva Inc. (NYSE:WK) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 502,403 shares of the software maker’s stock after selling 11,100 shares during the period. TimesSquare Capital Management LLC owned approximately 0.90% of Workiva worth $43,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ProShare Advisors LLC increased its position in shares of Workiva by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 9,433 shares of the software maker’s stock worth $814,000 after acquiring an additional 614 shares in the last quarter. Allworth Financial LP increased its position in shares of Workiva by 138.1% during the fourth quarter. Allworth Financial LP now owns 981 shares of the software maker’s stock worth $85,000 after acquiring an additional 569 shares in the last quarter. Madison Asset Management LLC increased its position in shares of Workiva by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 53,138 shares of the software maker’s stock worth $4,583,000 after acquiring an additional 341 shares in the last quarter. Strs Ohio increased its position in shares of Workiva by 11.5% during the fourth quarter. Strs Ohio now owns 2,900 shares of the software maker’s stock worth $250,000 after acquiring an additional 300 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Workiva by 8.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock worth $93,430,000 after acquiring an additional 87,056 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WK. Robert W. Baird set a $74.00 target price on shares of Workiva in a research report on Wednesday, May 6th. BMO Capital Markets dropped their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. BTIG Research dropped their price target on shares of Workiva from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.33.

Workiva Price Performance

WK opened at $49.80 on Tuesday. The company’s 50-day moving average is $56.50 and its 200 day moving average is $72.55. Workiva Inc. has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The firm has a market capitalization of $2.79 billion, a P/E ratio of 216.52 and a beta of 0.54.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same period last year, the firm earned $0.14 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. 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 expect that Workiva Inc. will post 0.92 earnings per share for the current year.

Workiva announced that its Board of Directors has approved a stock repurchase program on Monday, February 16th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.