Pembroke Management LTD Invests $36.19 Million in Workiva Inc. $WK

Pembroke Management LTD purchased a new position in shares of Workiva Inc. (NYSE:WK) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 420,361 shares of the software maker’s stock, valued at approximately $36,185,000. Workiva accounts for approximately 3.6% of Pembroke Management LTD’s investment portfolio, making the stock its 7th biggest position. Pembroke Management LTD owned 0.75% of Workiva as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its position in Workiva by 44.5% during the 1st quarter. Millennium Management LLC now owns 237,746 shares of the software maker’s stock worth $18,047,000 after buying an additional 73,266 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Workiva during the first quarter worth about $421,000. Strs Ohio purchased a new position in Workiva during the first quarter worth about $319,000. Harbor Capital Advisors Inc. raised its holdings in Workiva by 20.7% during the second quarter. Harbor Capital Advisors Inc. now owns 16,021 shares of the software maker’s stock worth $1,097,000 after purchasing an additional 2,752 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Workiva by 9.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,972 shares of the software maker’s stock valued at $477,000 after purchasing an additional 585 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Performance

Workiva stock opened at $85.69 on Friday. Workiva Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $115.49. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of -102.01 and a beta of 0.60. The stock’s fifty day moving average is $89.00 and its two-hundred day moving average is $82.32.

Workiva (NYSE:WK) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.38 by $0.17. The business had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $218.96 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Workiva’s quarterly revenue was up 20.8% on a year-over-year basis. Workiva has set its FY 2025 guidance at 1.650-1.68 EPS and its Q4 2025 guidance at 0.670-0.700 EPS. As a group, sell-side analysts forecast that Workiva Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WK shares. BMO Capital Markets boosted their target price on Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and issued a $105.00 target price on shares of Workiva in a report on Wednesday, December 10th. BTIG Research assumed coverage on shares of Workiva in a research note on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Stifel Nicolaus set a $98.00 price objective on shares of Workiva in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.92.

About Workiva

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.