Workiva (NYSE:WK) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Workiva (NYSE:WK) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Raymond James Financial reaffirmed an “outperform” rating and set a $85.00 target price on shares of Workiva in a research report on Wednesday, May 6th. Stephens set a $90.00 price target on Workiva in a research note on Friday, February 20th. Citigroup restated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Weiss Ratings upgraded shares of Workiva from a “sell (e+)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $102.00 target price on shares of Workiva in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.33.

Workiva Price Performance

Shares of WK stock opened at $45.33 on Wednesday. The company has a market capitalization of $2.54 billion, a P/E ratio of 197.10 and a beta of 0.54. The company’s 50-day simple moving average is $57.08 and its two-hundred day simple moving average is $73.12. Workiva has a one year low of $43.34 and a one year high of $97.10.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11. The firm 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 company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, research analysts expect that Workiva will post 0.92 EPS for the current fiscal year.

Workiva announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 16th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Workiva

A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Workiva during the fourth quarter valued at about $26,000. Leonteq Securities AG bought a new position in Workiva in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Workiva by 217.9% during the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock valued at $34,000 after buying an additional 268 shares during the last quarter. Allworth Financial LP lifted its position in shares of Workiva by 82.3% during the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Workiva by 396.3% in the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after buying an additional 325 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.