Allspring Global Investments Holdings LLC Buys Shares of 47,584 Workiva Inc. (NYSE:WK)

Allspring Global Investments Holdings LLC purchased a new position in shares of Workiva Inc. (NYSE:WK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 47,584 shares of the software maker’s stock, valued at approximately $5,210,000. Allspring Global Investments Holdings LLC owned about 0.09% of Workiva as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after buying an additional 116 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Workiva by 4.5% in the 4th quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker’s stock worth $499,000 after buying an additional 198 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Workiva by 6.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,060 shares of the software maker’s stock worth $992,000 after acquiring an additional 537 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Workiva by 2.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock valued at $1,951,000 after purchasing an additional 664 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Workiva by 25.0% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 3,685 shares of the software maker’s stock valued at $292,000 after purchasing an additional 736 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WK. BMO Capital Markets lifted their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and boosted their target price for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. Citigroup boosted their price objective on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised their target price on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.14.

Workiva Trading Down 3.0 %

Workiva stock opened at $87.06 on Thursday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The stock has a fifty day simple moving average of $104.52 and a two-hundred day simple moving average of $90.41. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -94.63 and a beta of 1.06.

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.