Workiva Inc. (NYSE:WK) Shares Bought by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its holdings in shares of Workiva Inc. (NYSE:WK) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,685 shares of the software maker’s stock after purchasing an additional 736 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Workiva were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Workiva by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock valued at $439,767,000 after purchasing an additional 181,520 shares during the period. Champlain Investment Partners LLC increased its holdings in shares of Workiva by 58.2% during the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock worth $113,642,000 after buying an additional 492,945 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Workiva by 2.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after buying an additional 32,230 shares during the period. Bank of New York Mellon Corp raised its position in shares of Workiva by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker’s stock worth $28,682,000 after buying an additional 49,222 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Workiva by 8.3% in the second quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker’s stock valued at $27,578,000 after acquiring an additional 29,005 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

WK has been the topic of a number of research reports. Northland Securities cut their price objective on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.00.

Workiva Stock Performance

WK stock opened at $78.78 on Monday. The firm has a market cap of $4.32 billion, a P/E ratio of -45.80 and a beta of 1.05. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00. The stock has a 50-day simple moving average of $77.78 and a 200-day simple moving average of $76.87.

Workiva (NYSE:WK) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $177.50 million for the quarter, compared to the consensus estimate of $175.22 million. During the same period last year, the business earned ($0.36) earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Workiva Inc. will post -0.86 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the transaction, the executive vice president now owns 49,887 shares in the company, valued at approximately $3,721,570.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.86% of the stock is currently owned by company insiders.

About Workiva

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.