Quest Partners LLC Grows Position in Workiva Inc. (NYSE:WK)

Quest Partners LLC raised its stake in Workiva Inc. (NYSE:WK) by 441.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,633 shares of the software maker’s stock after buying an additional 11,931 shares during the period. Quest Partners LLC’s holdings in Workiva were worth $1,158,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WK. State Board of Administration of Florida Retirement System boosted its position in Workiva by 9.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,260 shares of the software maker’s stock valued at $1,294,000 after buying an additional 1,290 shares during the period. Vanguard Group Inc. boosted its position in Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock valued at $439,767,000 after buying an additional 181,520 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Workiva by 15.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,702 shares of the software maker’s stock valued at $6,502,000 after buying an additional 10,380 shares during the period. EntryPoint Capital LLC purchased a new stake in Workiva in the 1st quarter valued at about $40,000. Finally, Dynasty Wealth Management LLC purchased a new stake in Workiva in the 1st quarter valued at about $226,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Stock Up 2.2 %

NYSE WK opened at $92.16 on Thursday. The firm has a market cap of $5.10 billion, a PE ratio of -100.17 and a beta of 1.05. The company has a 50 day moving average price of $81.68 and a 200 day moving average price of $77.90. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00.

Insider Buying and Selling

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction 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. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WK shares. Northland Securities lowered their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus upped their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.20.

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.