TFG Asset Management GP Ltd Buys New Position in Workiva Inc. $WK

by · The Markets Daily

TFG Asset Management GP Ltd purchased a new position in Workiva Inc. (NYSE:WK – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 150,000 shares of the software maker’s stock, valued at approximately $10,268,000. Workiva makes up approximately 1.7% of TFG Asset Management GP Ltd’s holdings, making the stock its 11th largest holding. TFG Asset Management GP Ltd owned approximately 0.27% of Workiva at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Workiva during the 1st quarter worth $26,000. Bayforest Capital Ltd purchased a new stake in Workiva during the first quarter valued at about $39,000. TD Waterhouse Canada Inc. purchased a new stake in Workiva during the second quarter valued at about $51,000. Hilltop National Bank bought a new stake in Workiva during the second quarter worth about $66,000. Finally, AlphaQuest LLC purchased a new position in shares of Workiva in the 1st quarter worth about $163,000. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Down 3.0%

NYSE:WK opened at $85.87 on Friday. The firm has a market capitalization of $4.82 billion, a P/E ratio of -102.23 and a beta of 0.64. The company has a fifty day moving average of $89.06 and a 200 day moving average of $78.70. Workiva Inc. has a 52 week low of $60.50 and a 52 week high of $116.83.

Workiva (NYSE:WK – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $224.17 million during the quarter, compared to analysts’ expectations of $218.96 million. Workiva’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. 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, analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stifel Nicolaus set a $98.00 price objective on Workiva in a report on Thursday, November 6th. Raymond James Financial reiterated an “outperform” rating and set a $105.00 price target on shares of Workiva in a research report on Wednesday. UBS Group set a $110.00 price target on shares of Workiva in a research note on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, October 8th. Finally, Capital One Financial set a $100.00 target price on shares of Workiva in a research report on Tuesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.83.

View Our Latest Research Report on Workiva

Workiva Company Profile

(Free Report)

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.

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