Diversified Trust Co Purchases 5,648 Shares of Workiva Inc. (NYSE:WK)

Diversified Trust Co boosted its position in shares of Workiva Inc. (NYSE:WK) by 98.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,410 shares of the software maker’s stock after buying an additional 5,648 shares during the quarter. Diversified Trust Co’s holdings in Workiva were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its position in shares of Workiva by 1.9% during the third quarter. Stifel Financial Corp now owns 49,570 shares of the software maker’s stock worth $5,023,000 after acquiring an additional 935 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Workiva by 26.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,828 shares of the software maker’s stock worth $287,000 after buying an additional 600 shares during the period. Gotham Asset Management LLC purchased a new position in shares of Workiva during the third quarter valued at $608,000. Quadrature Capital Ltd grew its holdings in Workiva by 73.9% during the 3rd quarter. Quadrature Capital Ltd now owns 21,965 shares of the software maker’s stock worth $2,224,000 after acquiring an additional 9,337 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in Workiva by 24.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,880 shares of the software maker’s stock valued at $1,103,000 after purchasing an additional 2,125 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WK. William Blair reaffirmed an “outperform” rating on shares of Workiva in a research report on Friday, May 3rd. Robert W. Baird cut their price target on Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, June 27th. BMO Capital Markets restated an “outperform” rating and set a $96.00 price objective on shares of Workiva in a research note on Tuesday, June 11th. Citigroup lifted their target price on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus target price of $105.14.

Insider Buying and Selling at Workiva

In other news, EVP Michael D. Hawkins sold 3,435 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total value of $279,815.10. Following the completion of the transaction, the executive vice president now directly owns 55,487 shares in the company, valued at $4,519,971.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.86% of the company’s stock.

Workiva Stock Down 2.1 %

Shares of Workiva stock opened at $71.49 on Tuesday. The firm has a market capitalization of $3.92 billion, a P/E ratio of -41.56 and a beta of 1.07. Workiva Inc. has a 52 week low of $69.46 and a 52 week high of $116.00. The company has a 50 day moving average price of $78.00 and a 200 day moving average price of $85.74.

Workiva (NYSE:WK) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.19) EPS for the quarter, hitting the consensus estimate of ($0.19). The company had revenue of $175.67 million for the quarter, compared to analyst estimates of $173.85 million. As a group, research analysts anticipate that Workiva Inc. will post -0.62 earnings per share for the current fiscal year.

Workiva Company Profile

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.