University of Texas Texas AM Investment Management Co. Buys Shares of 23,868 Workiva Inc. $WK

University of Texas Texas AM Investment Management Co. acquired a new position in Workiva Inc. (NYSE:WK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,868 shares of the software maker’s stock, valued at approximately $1,634,000.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in Workiva during the first quarter worth about $26,000. Bayforest Capital Ltd acquired a new stake in Workiva during the first quarter worth about $39,000. Harbour Investments Inc. acquired a new stake in Workiva during the first quarter worth about $39,000. Bessemer Group Inc. grew its position in Workiva by 109.2% during the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker’s stock worth $43,000 after buying an additional 296 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Workiva during the second quarter worth about $66,000. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Workiva from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Capital One Financial set a $100.00 price objective on Workiva in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a report on Friday. Citigroup lifted their price objective on Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus lifted their price objective on Workiva from $85.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.27.

Workiva Price Performance

Shares of WK opened at $89.22 on Friday. The company has a market capitalization of $5.00 billion, a P/E ratio of -74.35 and a beta of 0.87. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The business’s 50 day simple moving average is $82.88 and its 200-day simple moving average is $74.02.

Workiva (NYSE:WK) last announced its earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. On average, sell-side analysts anticipate that Workiva Inc. will post -0.92 EPS for the current fiscal year.

About Workiva

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.