TD Asset Management Inc trimmed its position in Workiva Inc. (NYSE:WK - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,974 shares of the software maker's stock after selling 5,112 shares during the quarter. TD Asset Management Inc owned about 0.08% of Workiva worth $3,490,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of WK. Skandinaviska Enskilda Banken AB publ lifted its position in Workiva by 8.7% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,825 shares of the software maker's stock valued at $214,000 after purchasing an additional 225 shares during the period. Knights of Columbus Asset Advisors LLC raised its stake in shares of Workiva by 39.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 28,163 shares of the software maker's stock valued at $2,138,000 after buying an additional 8,000 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Workiva by 41.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,867 shares of the software maker's stock valued at $218,000 after buying an additional 846 shares during the last quarter. Madison Asset Management LLC lifted its holdings in shares of Workiva by 39.4% in the 1st quarter. Madison Asset Management LLC now owns 58,261 shares of the software maker's stock valued at $4,423,000 after buying an additional 16,474 shares during the period. Finally, Legato Capital Management LLC boosted its stake in shares of Workiva by 144.2% in the first quarter. Legato Capital Management LLC now owns 5,041 shares of the software maker's stock worth $383,000 after buying an additional 2,977 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Analyst Upgrades and Downgrades
WK has been the subject of several recent research reports. Truist Financial reduced their price target on Workiva from $120.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Stifel Nicolaus cut their target price on shares of Workiva from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday. BNP Paribas assumed coverage on shares of Workiva in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $100.00 target price for the company. Raymond James Financial dropped their price target on shares of Workiva from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Citigroup reaffirmed a "buy" rating and issued a $105.00 price objective (down previously from $108.00) on shares of Workiva in a report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Workiva presently has an average rating of "Buy" and an average price target of $98.80.
View Our Latest Report on Workiva
Workiva Stock Performance
Shares of NYSE WK opened at $84.46 on Friday. The firm has a fifty day moving average of $67.81 and a 200 day moving average of $77.46. The firm has a market cap of $4.71 billion, a PE ratio of -70.38 and a beta of 0.86. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83.
Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million during the quarter, compared to analyst estimates of $208.92 million. During the same quarter last year, the business earned $0.16 EPS. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts predict that Workiva Inc. will post -0.92 EPS for the current fiscal year.
Workiva Profile
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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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