Blair William & Co. IL Trims Position in Workiva Inc. (NYSE:WK)

Blair William & Co. IL trimmed its position in Workiva Inc. (NYSE:WK) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,744 shares of the software maker’s stock after selling 161 shares during the quarter. Blair William & Co. IL’s holdings in Workiva were worth $300,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Verition Fund Management LLC boosted its stake in Workiva by 241.4% during the third quarter. Verition Fund Management LLC now owns 20,461 shares of the software maker’s stock valued at $1,619,000 after buying an additional 14,467 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Workiva by 238.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the software maker’s stock valued at $257,000 after acquiring an additional 2,288 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after purchasing an additional 191,078 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Workiva in the third quarter worth approximately $207,000. Finally, Quadrature Capital Ltd purchased a new stake in Workiva in the third quarter valued at approximately $289,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Price Performance

Shares of Workiva stock opened at $67.47 on Friday. Workiva Inc. has a one year low of $63.98 and a one year high of $116.83. The business’s 50 day simple moving average is $88.44 and its two-hundred day simple moving average is $92.27. The stock has a market capitalization of $3.79 billion, a P/E ratio of -73.34 and a beta of 1.02.

Analyst Ratings Changes

WK has been the topic of a number of research analyst reports. Citigroup increased their price target on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird increased their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group dropped their price target on Workiva from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, March 28th. BMO Capital Markets decreased their price objective on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Stifel Nicolaus dropped their target price on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average target price of $118.38.

Insider Buying and Selling

In other news, EVP Michael D. Hawkins sold 10,421 shares of Workiva stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the sale, the executive vice president now directly owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill Klindt sold 5,593 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now owns 119,054 shares of the company’s stock, valued at approximately $10,124,352.16. This represents a 4.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock valued at $1,807,333 over the last three months. 3.86% of the stock is owned by company insiders.

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.