Workiva Inc. (NYSE:WK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,355 shares of the software maker's stock after selling 18,775 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Workiva worth $9,681,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WK. Harvest Fund Management Co. Ltd acquired a new stake in Workiva in the 3rd quarter valued at about $54,000. SG Americas Securities LLC acquired a new stake in Workiva in the 4th quarter valued at about $107,000. GPS Wealth Strategies Group LLC raised its position in Workiva by 19.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker's stock valued at $109,000 after purchasing an additional 175 shares in the last quarter. Vinva Investment Management Ltd acquired a new stake in Workiva in the 3rd quarter valued at about $162,000. Finally, SRS Capital Advisors Inc. raised its position in Workiva by 261.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker's stock valued at $215,000 after purchasing an additional 1,531 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Stock Up 0.3 %

NYSE:WK traded up $0.25 during mid-day trading on Tuesday, reaching $82.13. 265,616 shares of the stock were exchanged, compared to its average volume of 377,348. The company has a 50 day simple moving average of $82.27 and a 200-day simple moving average of $90.39. The stock has a market capitalization of $4.49 billion, a P/E ratio of -47.60 and a beta of 1.04. Workiva Inc. has a 1 year low of $76.63 and a 1 year high of $116.00.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WK. BMO Capital Markets reduced their price target on Workiva from $123.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 21st. Stifel Nicolaus dropped their price objective on Workiva from $92.00 to $85.00 and set a "hold" rating on the stock in a report on Wednesday, February 21st. Citigroup dropped their price objective on Workiva from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Finally, William Blair reiterated an "outperform" rating on shares of Workiva in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.