Ranger Investment Management L.P. grew its position in shares of Workiva Inc. (NYSE:WK – Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 342,185 shares of the software maker’s stock after acquiring an additional 35,329 shares during the quarter. Ranger Investment Management L.P.’s holdings in Workiva were worth $20,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Workiva in the fourth quarter valued at about $26,000. Leonteq Securities AG purchased a new position in Workiva during the fourth quarter worth about $27,000. Allworth Financial LP boosted its holdings in Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after purchasing an additional 186 shares during the last quarter. Quarry LP boosted its holdings in Workiva by 396.3% during the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after purchasing an additional 325 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Workiva by 297.1% in the 4th quarter. IFP Advisors Inc now owns 413 shares of the software maker’s stock worth $36,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.
Insider Buying and Selling at Workiva
In other news, 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 completion of the transaction, the director directly owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is owned by corporate insiders.
Workiva Stock Performance
Workiva (NYSE:WK – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.11. The business had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, research analysts predict that Workiva Inc. will post 0.92 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $85.00 price objective on shares of Workiva in a research note on Wednesday, May 6th. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. Zacks Research downgraded Workiva from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Stifel Nicolaus decreased their price target on Workiva from $79.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.50.
Check Out Our Latest Research Report on WK
Workiva Company 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.
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