Mutual of America Capital Management LLC Acquires 6,344 Shares of Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC raised its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,284 shares of the software maker's stock after buying an additional 6,344 shares during the quarter. Mutual of America Capital Management LLC owned about 0.14% of Workiva worth $5,867,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. World Investment Advisors raised its position in Workiva by 2.7% in the 4th quarter. World Investment Advisors now owns 5,135 shares of the software maker's stock valued at $562,000 after purchasing an additional 135 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Workiva during the fourth quarter worth $25,000. Xponance Inc. grew its stake in Workiva by 6.7% in the first quarter. Xponance Inc. now owns 3,850 shares of the software maker's stock valued at $292,000 after acquiring an additional 241 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Workiva by 5.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,284 shares of the software maker's stock worth $579,000 after buying an additional 260 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Workiva by 5.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,296 shares of the software maker's stock worth $580,000 after buying an additional 267 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on WK shares. Robert W. Baird set a $105.00 price objective on Workiva in a research note on Wednesday, June 25th. Raymond James Financial lowered their target price on Workiva from $125.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup reiterated a "buy" rating and set a $105.00 target price (down previously from $108.00) on shares of Workiva in a research note on Wednesday. BNP Paribas began coverage on Workiva in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 target price on the stock. Finally, Truist Financial lowered their target price on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.30.

Workiva Price Performance

NYSE WK traded up $0.09 during trading on Friday, hitting $66.56. 360,462 shares of the company's stock traded hands, compared to its average volume of 541,075. The firm has a market cap of $3.71 billion, a P/E ratio of -56.89 and a beta of 0.86. The stock has a fifty day moving average of $68.12 and a two-hundred day moving average of $80.27. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $116.83.

Workiva (NYSE:WK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $206.28 million during the quarter, compared to the consensus estimate of $204.24 million. During the same period in the previous year, the company earned $0.22 earnings per share. Workiva's quarterly revenue was up 17.4% on a year-over-year basis. As a group, analysts expect that Workiva Inc. will post -0.92 earnings per share for the current fiscal year.

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.