Workiva (NYSE:WK) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Workiva (NYSE:WK) from a hold rating to a buy rating in a research note released on Wednesday morning, MarketBeat reports. Stifel Nicolaus currently has $130.00 price target on the software maker’s stock, up from their prior price target of $102.00.

WK has been the subject of several other research reports. Citigroup raised their target price on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets lifted their price objective 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. Finally, Robert W. Baird increased their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Workiva Stock Performance

Shares of WK opened at $114.78 on Wednesday. The firm has a fifty day moving average of $91.81 and a 200-day moving average of $80.86. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -124.76 and a beta of 1.09. Workiva has a 1 year low of $65.47 and a 1 year high of $116.83.

Institutional Investors Weigh In On Workiva

A number of large investors have recently bought and sold shares of WK. Groupama Asset Managment bought a new position in shares of Workiva in the third quarter valued at approximately $381,000. Jacobs Levy Equity Management Inc. bought a new position in Workiva in the 3rd quarter worth $18,000,000. Janus Henderson Group PLC lifted its position in Workiva by 839.8% during the 3rd quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after acquiring an additional 191,078 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Workiva by 435.5% during the third quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock valued at $11,503,000 after acquiring an additional 118,234 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in shares of Workiva by 13.5% in the third quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after purchasing an additional 86,746 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.