Workiva Inc. (NYSE:WK) Shares Acquired by Nicholas Company Inc.

Nicholas Company Inc. lifted its holdings in shares of Workiva Inc. (NYSE:WK) by 9.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 74,056 shares of the software maker’s stock after acquiring an additional 6,523 shares during the period. Nicholas Company Inc.’s holdings in Workiva were worth $8,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D increased its holdings in Workiva by 2.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,656 shares of the software maker’s stock valued at $1,951,000 after buying an additional 664 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Workiva during the third quarter worth approximately $398,000. GSA Capital Partners LLP acquired a new position in shares of Workiva during the third quarter worth approximately $641,000. Impax Asset Management Group plc boosted its position in shares of Workiva by 16.5% during the third quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock worth $12,547,000 after buying an additional 22,500 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Workiva in the third quarter worth approximately $268,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

WK has been the topic of a number of research reports. BMO Capital Markets dropped their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Robert W. Baird increased their price target on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price target on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus reduced their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

Workiva Price Performance

WK stock opened at $87.63 on Friday. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The company has a 50 day simple moving average of $96.50 and a 200 day simple moving average of $91.57. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of -95.25 and a beta of 1.09.

Insider Buying and Selling at Workiva

In other Workiva news, CFO Jill Klindt sold 5,593 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.04, for a total value of $475,628.72. Following the transaction, the chief financial officer now directly owns 119,054 shares of the company’s stock, valued at approximately $10,124,352.16. This trade represents a 4.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,129 shares of company stock worth $1,807,333. 3.86% of the stock is currently owned by company insiders.

Workiva Company 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.