Oppenheimer Asset Management Inc. Has $4.62 Million Stock Position in Workiva Inc. $WK

Oppenheimer Asset Management Inc. lessened its holdings in shares of Workiva Inc. (NYSE:WK) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,442 shares of the software maker’s stock after selling 4,275 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Workiva were worth $4,616,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased 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 during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Workiva in the first quarter valued at approximately $877,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Workiva in the second quarter valued at approximately $1,634,000. AQR Capital Management LLC boosted its stake in shares of Workiva by 86.5% in the first quarter. AQR Capital Management LLC now owns 84,900 shares of the software maker’s stock valued at $6,445,000 after buying an additional 39,371 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Workiva during the first quarter worth $3,959,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

WK has been the subject of several recent analyst reports. Raymond James Financial cut their target price on Workiva from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Citigroup upped their target price on Workiva from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. BMO Capital Markets upped their target price on Workiva from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Wolfe Research increased their price target on Workiva from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $99.27.

Workiva Stock Performance

Shares of WK opened at $88.90 on Wednesday. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of -74.09 and a beta of 0.87. The stock has a fifty day moving average of $83.35 and a 200-day moving average of $74.34.

Workiva (NYSE:WK) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $215.19 million during the quarter, compared to the consensus estimate of $208.92 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.310-1.380 EPS. Q3 2025 guidance at 0.370-0.410 EPS. As a group, equities analysts forecast that Workiva Inc. will post -0.92 EPS for the current 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.