Irenic Capital Management LP Has $47.61 Million Holdings in Workiva Inc. $WK

Irenic Capital Management LP grew its holdings in shares of Workiva Inc. (NYSE:WK) by 11.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 552,010 shares of the software maker’s stock after acquiring an additional 55,000 shares during the period. Workiva makes up 3.2% of Irenic Capital Management LP’s investment portfolio, making the stock its 5th largest holding. Irenic Capital Management LP’s holdings in Workiva were worth $47,611,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WK. Eminence Capital LP grew its holdings in shares of Workiva by 40.7% during the third quarter. Eminence Capital LP now owns 3,723,546 shares of the software maker’s stock valued at $320,523,000 after buying an additional 1,076,778 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Workiva during the third quarter valued at about $88,289,000. Assenagon Asset Management S.A. grew its holdings in shares of Workiva by 14,955.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 740,102 shares of the software maker’s stock valued at $63,834,000 after buying an additional 735,186 shares during the last quarter. Norges Bank acquired a new position in shares of Workiva during the fourth quarter valued at about $53,375,000. Finally, Barclays PLC grew its holdings in shares of Workiva by 531.6% during the fourth quarter. Barclays PLC now owns 582,586 shares of the software maker’s stock valued at $50,248,000 after buying an additional 490,351 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director directly owned 34,802 shares in the company, valued at approximately $1,729,311.38. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WK. BTIG Research reduced their price objective on shares of Workiva from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $85.00 price objective on shares of Workiva in a report on Wednesday, May 6th. BMO Capital Markets reduced their price objective on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Robert W. Baird set a $74.00 price objective on shares of Workiva in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Workiva from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Workiva Stock Performance

Workiva stock opened at $47.88 on Thursday. Workiva Inc. has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The stock has a market cap of $2.69 billion, a PE ratio of 208.18 and a beta of 0.51. The firm’s 50-day simple moving average is $51.43 and its 200 day simple moving average is $66.41.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $247.31 million for the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the previous year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts predict that Workiva Inc. will post 0.92 EPS for the current fiscal year.

Workiva 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.