Headlands Technologies LLC Has $128,000 Stake in Workiva Inc. (NYSE:WK)

Headlands Technologies LLC lifted its position in shares of Workiva Inc. (NYSE:WK) by 896.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,753 shares of the software maker’s stock after purchasing an additional 1,577 shares during the quarter. Headlands Technologies LLC’s holdings in Workiva were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WK. Virtu Financial LLC purchased a new stake in Workiva in the 4th quarter valued at $757,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Workiva during the 4th quarter valued at $4,880,000. First Trust Advisors LP increased its position in shares of Workiva by 8.2% during the 4th quarter. First Trust Advisors LP now owns 626,803 shares of the software maker’s stock valued at $63,639,000 after purchasing an additional 47,256 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Workiva during the 4th quarter valued at $3,793,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Workiva by 29.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 349,789 shares of the software maker’s stock valued at $29,662,000 after purchasing an additional 80,551 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Workiva Stock Performance

WK stock opened at $74.73 on Monday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -43.45 and a beta of 1.05. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.00. The stock has a fifty day moving average of $74.70 and a 200-day moving average of $77.91.

Workiva (NYSE:WK) last issued its earnings results on Thursday, August 1st. The software maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $177.50 million during the quarter, compared to analyst estimates of $175.22 million. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.36) EPS. Equities analysts predict that Workiva Inc. will post -0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WK shares. Northland Securities decreased their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Robert W. Baird decreased their target price on Workiva from $105.00 to $94.00 and set an “outperform” rating for the company in a research report on Thursday, June 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $96.00 target price on shares of Workiva in a research report on Tuesday, June 11th. Citigroup increased their price target on Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, StockNews.com downgraded Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Workiva has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

About Workiva

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.