SG Americas Securities LLC Purchases 5,475 Shares of Workiva Inc. (NYSE:WK)

SG Americas Securities LLC raised its stake in shares of Workiva Inc. (NYSE:WK) by 141.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,341 shares of the software maker’s stock after purchasing an additional 5,475 shares during the period. SG Americas Securities LLC’s holdings in Workiva were worth $1,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB bought a new position in Workiva in the 4th quarter valued at about $59,894,000. Groupama Asset Managment purchased a new position in shares of Workiva during the 3rd quarter valued at $381,000. Jacobs Levy Equity Management Inc. bought a new stake in Workiva during the third quarter valued at approximately $18,000,000. Janus Henderson Group PLC increased its position in shares of Workiva by 839.8% during the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock valued at $16,919,000 after purchasing an additional 191,078 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock valued at $11,503,000 after purchasing an additional 118,234 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Up 7.2 %

NYSE:WK opened at $104.70 on Wednesday. The company has a market capitalization of $5.80 billion, a PE ratio of -113.80 and a beta of 1.07. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The stock has a fifty day simple moving average of $105.64 and a 200-day simple moving average of $88.05.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus upgraded 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 report on Wednesday, December 18th. Robert W. Baird raised their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup boosted their price objective on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets upped their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.14.

Workiva 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.