Praesidium Investment Management Company LLC Acquires New Stake in Workiva Inc. $WK

Praesidium Investment Management Company LLC acquired a new position in shares of Workiva Inc. (NYSE:WK) in the second quarter, HoldingsChannel reports. The firm acquired 95,218 shares of the software maker’s stock, valued at approximately $4,619,025,000. Workiva accounts for approximately 2.2% of Praesidium Investment Management Company LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Workiva by 202.3% in the second quarter. Versant Capital Management Inc now owns 532 shares of the software maker’s stock valued at $26,000 after buying an additional 356 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Workiva in the 4th quarter worth $26,000. Leonteq Securities AG acquired a new position in shares of Workiva in the 4th quarter valued at about $27,000. Allworth Financial LP lifted its position in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

WK opened at $74.79 on Thursday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 91.21 and a beta of 0.46. Workiva Inc. has a 1-year low of $43.34 and a 1-year high of $97.10. The business has a 50 day moving average price of $58.64 and a two-hundred day moving average price of $56.94.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. Workiva had a negative return on equity of 140.17% and a net margin of 4.87%.The company had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts expect that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WK. Weiss Ratings upgraded Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Stifel Nicolaus set a $70.00 price objective on Workiva in a research note on Wednesday, August 5th. Raymond James Financial restated an “outperform” rating and issued a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Workiva in a report on Tuesday, May 26th. Finally, Citigroup reissued a “buy” rating on shares of Workiva in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.75.

Insider Activity

In related news, EVP Brandon Ziegler sold 6,571 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $75.97, for a total value of $499,198.87. Following the sale, the executive vice president directly owned 126,216 shares in the company, valued at $9,588,629.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $49.69, for a total transaction of $49,690.00. Following the sale, the director directly owned 34,802 shares of the company’s stock, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.77% of the stock is currently owned by insiders.

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.