Madison Asset Management LLC Takes $4.37 Million Position in Workiva Inc. $WK

Madison Asset Management LLC bought a new position in shares of Workiva Inc. (NYSE:WK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 89,980 shares of the software maker’s stock, valued at approximately $4,365,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in shares of Workiva in the 2nd quarter worth $4,661,000. Summit Creek Advisors LLC purchased a new position in Workiva during the second quarter worth about $3,916,000. Comerica Bank boosted its holdings in Workiva by 28.8% during the fourth quarter. Comerica Bank now owns 151,317 shares of the software maker’s stock worth $13,051,000 after purchasing an additional 33,829 shares during the last quarter. First Trust Advisors LP grew its position in Workiva by 16.4% in the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after purchasing an additional 121,643 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in Workiva by 8.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock worth $93,430,000 after purchasing an additional 87,056 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $49.69, for a total value of $49,690.00. Following the transaction, the director owned 34,802 shares in the company, valued at approximately $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.77% of the company’s stock.

Workiva Stock Performance

NYSE WK opened at $75.34 on Friday. The company has a market capitalization of $4.23 billion, a PE ratio of 91.88 and a beta of 0.46. Workiva Inc. has a 52-week low of $43.34 and a 52-week high of $97.10. The company has a 50-day simple moving average of $56.56 and a 200 day simple moving average of $56.87.

Workiva (NYSE:WK) last released its earnings results on Tuesday, August 4th. The software maker reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The firm had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue 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. As a group, analysts forecast that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WK. UBS Group set a $70.00 target price on shares of Workiva in a research report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and issued a $68.00 target price on shares of Workiva in a report on Tuesday, May 26th. Stifel Nicolaus set a $70.00 price target on Workiva in a research report on Wednesday, August 5th. Wall Street Zen upgraded Workiva from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, BTIG Research cut their price objective on Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.75.

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.