Ranger Investment Management L.P. Makes New $12.95 Million Investment in Workiva Inc. $WK

Ranger Investment Management L.P. acquired a new position in Workiva Inc. (NYSE:WK) in the second quarter, HoldingsChannel reports. The institutional investor acquired 266,945 shares of the software maker’s stock, valued at approximately $12,950,000.

A number of other large investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in Workiva by 44.5% during the first quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock valued at $18,047,000 after acquiring an additional 73,266 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Workiva during the 1st quarter valued at approximately $421,000. Prudential Financial Inc. grew its holdings in shares of Workiva by 66.7% in the second quarter. Prudential Financial Inc. now owns 6,259 shares of the software maker’s stock valued at $428,000 after purchasing an additional 2,505 shares in the last quarter. Cerity Partners LLC increased its position in Workiva by 24.8% in the second quarter. Cerity Partners LLC now owns 3,297 shares of the software maker’s stock worth $226,000 after purchasing an additional 656 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Workiva by 0.4% in the second quarter. California Public Employees Retirement System now owns 82,197 shares of the software maker’s stock worth $5,626,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the completion of the sale, the director directly owned 34,802 shares of the company’s stock, valued at $1,729,311.38. The trade was a 2.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brandon Ziegler sold 6,571 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $75.97, for a total value of $499,198.87. Following the completion of the sale, the executive vice president owned 126,216 shares of the company’s stock, valued at $9,588,629.52. This represents a 4.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WK shares. Weiss Ratings raised shares of Workiva from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Zacks Research raised Workiva from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group set a $70.00 price objective on Workiva in a research report on Wednesday, August 5th. Stifel Nicolaus set a $70.00 target price on Workiva in a report on Wednesday, August 5th. Finally, Stephens reissued an “overweight” rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.75.

Workiva Price Performance

Workiva stock opened at $74.75 on Monday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 91.16 and a beta of 0.46. The firm has a 50-day moving average of $57.07 and a two-hundred day moving average of $56.86. Workiva Inc. has a 1 year low of $43.34 and a 1 year high of $97.10.

Workiva (NYSE:WK) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping 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 business had revenue of $255.29 million for the quarter, compared to analyst estimates of $251.16 million. During the same period last year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Research analysts expect that Workiva Inc. will post 1.31 earnings per share for the current year.

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.