Natixis Advisors L.P. Buys 10,481 Shares of Workiva Inc. (NYSE:WK)

Natixis Advisors L.P. lifted its holdings in Workiva Inc. (NYSE:WK - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183,706 shares of the software maker's stock after purchasing an additional 10,481 shares during the period. Natixis Advisors L.P. owned 0.34% of Workiva worth $18,651,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WK. Mackenzie Financial Corp increased its stake in Workiva by 3.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,970 shares of the software maker's stock valued at $302,000 after acquiring an additional 108 shares during the period. Wealth Alliance grew its stake in shares of Workiva by 4.8% in the 4th quarter. Wealth Alliance now owns 2,620 shares of the software maker's stock valued at $266,000 after purchasing an additional 121 shares during the period. Victory Capital Management Inc. grew its stake in shares of Workiva by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 5,201 shares of the software maker's stock valued at $527,000 after purchasing an additional 136 shares during the period. Foster Group Inc. grew its stake in shares of Workiva by 3.3% in the 3rd quarter. Foster Group Inc. now owns 4,368 shares of the software maker's stock valued at $443,000 after purchasing an additional 139 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Workiva by 6.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,416 shares of the software maker's stock valued at $245,000 after purchasing an additional 146 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Workiva Stock Up 0.2 %

Shares of WK traded up $0.19 on Monday, hitting $81.87. The company's stock had a trading volume of 434,573 shares, compared to its average volume of 378,633. The company has a 50 day moving average price of $82.33 and a 200 day moving average price of $90.52. Workiva Inc. has a fifty-two week low of $76.63 and a fifty-two week high of $116.00.

Workiva (NYSE:WK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. The firm had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. As a group, sell-side analysts predict that Workiva Inc. will post -0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WK shares. BMO Capital Markets lowered their price objective on Workiva from $123.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 21st. Stifel Nicolaus reduced their target price on Workiva from $92.00 to $85.00 and set a "hold" rating on the stock in a report on Wednesday, February 21st. Finally, Citigroup reduced their target price on Workiva from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $111.86.

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.