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

Mutual of America Capital Management LLC grew its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,284 shares of the software maker's stock after buying an additional 6,344 shares during the period. Mutual of America Capital Management LLC owned 0.14% of Workiva worth $5,867,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WK. Bessemer Group Inc. lifted its position in Workiva by 109.2% in the first quarter. Bessemer Group Inc. now owns 567 shares of the software maker's stock worth $43,000 after purchasing an additional 296 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Workiva by 29.8% during the 4th quarter. Teacher Retirement System of Texas now owns 7,668 shares of the software maker's stock valued at $840,000 after acquiring an additional 1,761 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Workiva by 8,443.7% during the 1st quarter. GAMMA Investing LLC now owns 21,103 shares of the software maker's stock valued at $1,602,000 after acquiring an additional 20,856 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Workiva during the 4th quarter valued at $1,117,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Workiva by 1.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,596 shares of the software maker's stock valued at $1,488,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Workiva Trading Up 0.5%

Shares of Workiva stock traded up $0.30 during midday trading on Thursday, reaching $65.97. The company had a trading volume of 266,191 shares, compared to its average volume of 666,540. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -56.38 and a beta of 0.86. The stock has a fifty day simple moving average of $68.19 and a 200 day simple moving average of $80.87. Workiva Inc. has a 1-year low of $60.50 and a 1-year high of $116.83.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and issued a $105.00 price target (down from $108.00) on shares of Workiva in a research note on Wednesday. BNP Paribas started coverage on Workiva in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 price target on the stock. Truist Financial lowered their price target on Workiva from $120.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Stephens reaffirmed an "overweight" rating and issued a $95.00 price target on shares of Workiva in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.30.

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.