MML Investors Services LLC Has $426,000 Holdings in Workiva Inc. (NYSE:WK)

MML Investors Services LLC lowered its position in Workiva Inc. (NYSE:WK) by 20.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,383 shares of the software maker’s stock after selling 1,398 shares during the period. MML Investors Services LLC’s holdings in Workiva were worth $426,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WK. Raymond James & Associates boosted its position in shares of Workiva by 6.5% during the 2nd quarter. Raymond James & Associates now owns 55,170 shares of the software maker’s stock valued at $4,027,000 after purchasing an additional 3,356 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Workiva by 14.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker’s stock worth $28,682,000 after buying an additional 49,222 shares during the period. Burney Co. grew its position in shares of Workiva by 130.7% during the 2nd quarter. Burney Co. now owns 100,056 shares of the software maker’s stock worth $7,303,000 after buying an additional 56,683 shares during the period. Kopp Family Office LLC increased its stake in shares of Workiva by 46.2% in the 2nd quarter. Kopp Family Office LLC now owns 111,708 shares of the software maker’s stock valued at $8,154,000 after acquiring an additional 35,281 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Workiva by 2.0% during the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after acquiring an additional 137 shares during the period. 92.21% of the stock is owned by institutional investors.

Workiva Trading Down 2.7 %

Shares of NYSE:WK opened at $111.66 on Tuesday. The stock has a market cap of $6.18 billion, a PE ratio of -121.37 and a beta of 1.09. The stock’s fifty day simple moving average is $93.16 and its two-hundred day simple moving average is $81.45. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup raised their price target on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Robert W. Baird boosted their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and boosted their price objective for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

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.