International Assets Investment Management LLC Raises Stake in Workiva Inc. (NYSE:WK)

International Assets Investment Management LLC grew its stake in shares of Workiva Inc. (NYSE:WK) by 6,373.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,257 shares of the software maker’s stock after purchasing an additional 9,114 shares during the period. International Assets Investment Management LLC’s holdings in Workiva were worth $732,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WK. Principal Financial Group Inc. boosted its position in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock worth $498,000 after buying an additional 137 shares in the last quarter. Quarry LP boosted its position in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after buying an additional 179 shares in the last quarter. Xponance Inc. raised its stake in Workiva by 6.0% in the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock valued at $233,000 after purchasing an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Workiva by 3.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after purchasing an additional 183 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Price Performance

Shares of WK stock opened at $82.47 on Wednesday. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00. The firm’s 50-day simple moving average is $77.87 and its 200-day simple moving average is $76.93. The firm has a market cap of $4.56 billion, a P/E ratio of -49.98 and a beta of 1.05.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WK shares. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Northland Securities cut their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and an average target price of $95.00.

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.