Ingalls & Snyder LLC lifted its stake in Workiva Inc (NYSE:WK) by 391.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,674 shares of the software maker’s stock after acquiring an additional 21,249 shares during the period. Ingalls & Snyder LLC’s holdings in Workiva were worth $1,122,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Synovus Financial Corp bought a new position in shares of Workiva during the third quarter valued at $325,000. Mackay Shields LLC lifted its holdings in shares of Workiva by 69.8% during the third quarter. Mackay Shields LLC now owns 42,827 shares of the software maker’s stock valued at $1,877,000 after acquiring an additional 17,600 shares during the period. California Public Employees Retirement System raised its holdings in shares of Workiva by 130.8% in the third quarter. California Public Employees Retirement System now owns 103,703 shares of the software maker’s stock valued at $4,545,000 after buying an additional 58,765 shares during the last quarter. Strs Ohio raised its holdings in shares of Workiva by 13.4% in the third quarter. Strs Ohio now owns 21,100 shares of the software maker’s stock valued at $924,000 after buying an additional 2,500 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Workiva by 377.8% in the third quarter. Point72 Asset Management L.P. now owns 4,300 shares of the software maker’s stock valued at $188,000 after buying an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 59.16% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research reaffirmed a “sell” rating on shares of Workiva in a report on Saturday, January 11th. Northland Securities reaffirmed a “buy” rating and issued a $62.00 price target on shares of Workiva in a report on Thursday, November 7th. Morgan Stanley cut their price target on Workiva from $46.00 to $42.00 and set an “underweight” rating for the company in a report on Wednesday, October 16th. Goldman Sachs Group assumed coverage on Workiva in a report on Monday, November 11th. They issued a “neutral” rating and a $46.00 price target for the company. Finally, ValuEngine cut Workiva from a “buy” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Workiva currently has an average rating of “Hold” and a consensus target price of $56.20.
In other Workiva news, Director Robert H. Herz sold 1,243 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $42.29, for a total transaction of $52,566.47. Following the completion of the sale, the director now directly owns 96,643 shares of the company’s stock, valued at approximately $4,087,032.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jill Klindt sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $42.05, for a total value of $504,600.00. Following the sale, the chief accounting officer now directly owns 28,090 shares of the company’s stock, valued at $1,181,184.50. The disclosure for this sale can be found here. Insiders have sold a total of 16,814 shares of company stock valued at $707,863 over the last three months. Company insiders own 18.46% of the company’s stock.
Workiva stock opened at $45.20 on Thursday. The stock has a 50-day simple moving average of $42.80 and a 200 day simple moving average of $47.39. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 4.48. Workiva Inc has a 12-month low of $36.03 and a 12-month high of $64.11. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -48.60 and a beta of 0.96.
Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.24. Workiva had a negative return on equity of 208.31% and a negative net margin of 14.02%. The business had revenue of $74.18 million during the quarter, compared to analysts’ expectations of $72.32 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Workiva Inc will post -1.03 EPS for the current year.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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