Park Avenue Securities LLC Purchases 198 Shares of Workiva Inc. (NYSE:WK)

Park Avenue Securities LLC increased its position in Workiva Inc. (NYSE:WK) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,561 shares of the software maker’s stock after buying an additional 198 shares during the period. Park Avenue Securities LLC’s holdings in Workiva were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WK. Versor Investments LP purchased a new position in shares of Workiva in the third quarter worth $1,217,000. TimesSquare Capital Management LLC increased its holdings in Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after acquiring an additional 19,095 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Workiva by 138.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock worth $4,277,000 after purchasing an additional 31,421 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Workiva during the 4th quarter valued at about $59,894,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Workiva during the third quarter valued at about $641,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WK shares. Citigroup upped their price target on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus upgraded shares of Workiva from a “hold” rating to a “buy” rating and upped their target price for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. BMO Capital Markets lifted their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird lifted their target price on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $122.14.

Workiva Trading Up 1.1 %

Shares of NYSE WK opened at $100.00 on Friday. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $116.83. The stock’s fifty day simple moving average is $105.09 and its two-hundred day simple moving average is $87.25. The stock has a market capitalization of $5.54 billion, a PE ratio of -108.69 and a beta of 1.07.

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.