TimesSquare Capital Management LLC Lowers Stock Position in Workiva Inc. $WK

TimesSquare Capital Management LLC reduced its position in Workiva Inc. (NYSE:WK) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 459,586 shares of the software maker’s stock after selling 13,265 shares during the quarter. TimesSquare Capital Management LLC owned about 0.82% of Workiva worth $31,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in shares of Workiva during the 1st quarter worth about $26,000. Bayforest Capital Ltd purchased a new position in Workiva in the first quarter valued at approximately $39,000. Harbour Investments Inc. acquired a new position in Workiva during the first quarter valued at approximately $39,000. Hilltop National Bank purchased a new stake in Workiva during the second quarter worth approximately $66,000. Finally, AlphaQuest LLC purchased a new stake in Workiva during the first quarter worth approximately $163,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WK shares. Wolfe Research increased their price target on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Capital One Financial set a $100.00 target price on Workiva in a research report on Tuesday, September 30th. Citigroup raised their target price on Workiva from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, September 11th. The Goldman Sachs Group reissued a “buy” rating and set a $110.00 price target on shares of Workiva in a research report on Thursday, November 6th. Finally, UBS Group set a $110.00 price target on Workiva in a report on Sunday. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Workiva Stock Up 4.7%

NYSE:WK opened at $93.32 on Wednesday. The business’s 50 day moving average is $84.81 and its two-hundred day moving average is $75.63. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The company has a market cap of $5.23 billion, a PE ratio of -111.10 and a beta of 0.87.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to the consensus estimate of $218.96 million. Workiva’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS. Q4 2025 guidance at 0.670-0.700 EPS. As a group, sell-side analysts expect that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Workiva Company Profile

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.