DekaBank Deutsche Girozentrale Has $32,000 Position in Workiva Inc. (NYSE:WK)

DekaBank Deutsche Girozentrale lessened its position in Workiva Inc. (NYSE:WK) by 98.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314 shares of the software maker’s stock after selling 16,155 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Workiva were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC increased its holdings in Workiva by 4.5% in the 3rd quarter. William Blair Investment Management LLC now owns 354,524 shares of the software maker’s stock worth $35,927,000 after purchasing an additional 15,351 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Workiva by 9.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,216 shares of the software maker’s stock worth $42,281,000 after purchasing an additional 36,414 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Workiva by 31.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 237,690 shares of the software maker’s stock worth $24,088,000 after purchasing an additional 57,533 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Workiva by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,953,125 shares of the software maker’s stock valued at $501,950,000 after buying an additional 63,464 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Workiva by 11.0% in the third quarter. New York State Common Retirement Fund now owns 397,350 shares of the software maker’s stock valued at $40,267,000 after buying an additional 39,310 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

WK has been the subject of several recent research reports. BMO Capital Markets decreased their price target on Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Citigroup decreased their price target on Workiva from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their price target on Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.50.

Workiva Price Performance

NYSE WK opened at $76.97 on Thursday. The business has a 50 day simple moving average of $85.08 and a 200 day simple moving average of $92.23. Workiva Inc. has a one year low of $76.63 and a one year high of $116.00. The stock has a market capitalization of $4.21 billion, a P/E ratio of -32.48 and a beta of 1.03.

Workiva (NYSE:WK) last released its earnings results on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. Equities analysts expect that Workiva Inc. will post -0.91 earnings per share for the current year.

Insiders Place Their Bets

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the transaction, the executive vice president now owns 62,453 shares in the company, valued at $5,846,849.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.71% of the company’s stock.

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.