TimesSquare Capital Management LLC Sells 11,100 Shares of Workiva Inc. $WK

TimesSquare Capital Management LLC decreased its stake in Workiva Inc. (NYSE:WK) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 502,403 shares of the software maker’s stock after selling 11,100 shares during the period. TimesSquare Capital Management LLC’s holdings in Workiva were worth $43,332,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Workiva by 217.9% in the third quarter. EverSource Wealth Advisors LLC now owns 391 shares of the software maker’s stock worth $34,000 after acquiring an additional 268 shares during the period. Allworth Financial LP raised its position in Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after acquiring an additional 186 shares during the period. First Horizon Corp raised its position in Workiva by 112.1% in the fourth quarter. First Horizon Corp now owns 509 shares of the software maker’s stock worth $44,000 after acquiring an additional 269 shares during the period. GAMMA Investing LLC raised its position in Workiva by 121.6% in the fourth quarter. GAMMA Investing LLC now owns 636 shares of the software maker’s stock worth $55,000 after acquiring an additional 349 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Workiva by 66.0% in the fourth quarter. Farther Finance Advisors LLC now owns 669 shares of the software maker’s stock worth $58,000 after acquiring an additional 266 shares during the period. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 5.1%

NYSE WK opened at $49.80 on Tuesday. The company’s 50 day moving average is $56.50 and its 200-day moving average is $72.55. Workiva Inc. has a 12-month low of $43.34 and a 12-month high of $97.10. The firm has a market cap of $2.79 billion, a P/E ratio of 216.52 and a beta of 0.54.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Workiva had a net margin of 1.53% and a negative return on equity of 68.43%. The company had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. Equities analysts expect that Workiva Inc. will post 0.92 EPS for the current year.

Workiva declared that its board has approved a stock buyback plan on Monday, February 16th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on WK shares. BMO Capital Markets lowered their price objective on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and issued a $85.00 price target on shares of Workiva in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their price target on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research raised shares of Workiva from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Robert W. Baird set a $74.00 price target on shares of Workiva in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus target price of $90.33.

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.