US Bancorp DE Reduces Holdings in Workiva Inc. $WK

US Bancorp DE lowered its position in Workiva Inc. (NYSE:WK) by 42.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,886 shares of the software maker’s stock after selling 7,977 shares during the period. US Bancorp DE’s holdings in Workiva were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in shares of Workiva during the third quarter worth $265,000. EverSource Wealth Advisors LLC raised its position in shares of Workiva by 217.9% in 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. Wealth Alliance LLC lifted its stake in shares of Workiva by 4.7% in the third quarter. Wealth Alliance LLC now owns 3,268 shares of the software maker’s stock worth $281,000 after buying an additional 146 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Workiva in the third quarter worth about $543,000. Finally, Readystate Asset Management LP acquired a new position in Workiva during the third quarter worth about $31,955,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WK. Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Workiva in a research note on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. Stephens set a $90.00 target price on Workiva in a report on Friday, February 20th. BTIG Research dropped their price target on Workiva from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, UBS Group set a $110.00 price target on Workiva in a report on Sunday, November 9th. Eleven 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.38.

Workiva Trading Up 1.0%

Shares of WK stock opened at $65.04 on Friday. Workiva Inc. has a twelve month low of $56.06 and a twelve month high of $97.10. The company’s 50-day moving average price is $74.27 and its 200-day moving average price is $81.85. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -135.50 and a beta of 0.65.

Workiva (NYSE:WK) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The firm had revenue of $238.94 million for the quarter, compared to analyst estimates of $235.13 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. Workiva’s revenue for the quarter was up 19.5% on a year-over-year basis. Workiva has set its FY 2026 guidance at 2.660-2.760 EPS and its Q1 2026 guidance at 0.640-0.670 EPS. As a group, equities research analysts predict that Workiva Inc. will post -0.92 EPS for the current year.

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

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.