Assenagon Asset Management S.A. boosted its holdings in shares of Workiva Inc. (NYSE:WK - Free Report) by 35.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,898 shares of the software maker's stock after acquiring an additional 47,879 shares during the period. Assenagon Asset Management S.A. owned about 0.32% of Workiva worth $13,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Workiva by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker's stock valued at $635,108,000 after buying an additional 70,820 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Workiva by 10.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,148,021 shares of the software maker's stock valued at $235,209,000 after purchasing an additional 200,220 shares during the last quarter. First Trust Advisors LP raised its position in shares of Workiva by 3.0% in the 4th quarter. First Trust Advisors LP now owns 824,219 shares of the software maker's stock valued at $90,252,000 after purchasing an additional 24,172 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Workiva by 11.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 814,582 shares of the software maker's stock valued at $89,197,000 after purchasing an additional 86,207 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Workiva by 6.9% in the 4th quarter. Northern Trust Corp now owns 596,466 shares of the software maker's stock valued at $65,313,000 after purchasing an additional 38,633 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.
Workiva Price Performance
Shares of WK traded down $1.21 during mid-day trading on Tuesday, reaching $66.60. 463,310 shares of the company's stock were exchanged, compared to its average volume of 538,444. The business's fifty day simple moving average is $68.98 and its 200-day simple moving average is $86.37. Workiva Inc. has a 52-week low of $60.50 and a 52-week high of $116.83. The stock has a market capitalization of $3.71 billion, a PE ratio of -56.92 and a beta of 0.88.
Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $206.28 million during the quarter, compared to analysts' expectations of $204.24 million. During the same quarter last year, the business earned $0.22 earnings per share. The business's quarterly revenue was up 17.4% on a year-over-year basis. Equities research analysts predict that Workiva Inc. will post -0.92 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on WK. BNP Paribas began coverage on shares of Workiva in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $100.00 price target for the company. Stephens reissued an "overweight" rating and set a $95.00 price target on shares of Workiva in a research report on Thursday, May 22nd. Citigroup raised their price target on shares of Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Stifel Nicolaus reduced their price target on shares of Workiva from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial reduced their price target on shares of Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Workiva has an average rating of "Moderate Buy" and a consensus price target of $106.30.
Check Out Our Latest Stock Analysis on WK
About Workiva
(
Free Report)
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.
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