Raymond James Upgrades Workiva (NYSE:WK) to “Outperform”

Raymond James upgraded shares of Workiva (NYSE:WK) from a market perform rating to an outperform rating in a report issued on Friday, Marketbeat reports. They currently have $135.00 price objective on the software maker’s stock.

WK has been the topic of a number of other reports. Robert W. Baird lifted their price objective 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. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. BMO Capital Markets upped their price objective on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Citigroup raised their price objective on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.33.

Workiva Stock Up 2.3 %

WK stock opened at $111.35 on Friday. The company’s 50-day moving average price is $98.68 and its two-hundred day moving average price is $83.82. The firm has a market cap of $6.17 billion, a P/E ratio of -121.03 and a beta of 1.07. Workiva has a 12 month low of $65.47 and a 12 month high of $116.83.

Institutional Trading of Workiva

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Workiva by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock valued at $90,597,000 after buying an additional 35,029 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Workiva by 13.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after acquiring an additional 86,746 shares during the period. Groupama Asset Managment bought a new position in shares of Workiva during the third quarter valued at $381,000. TimesSquare Capital Management LLC lifted its holdings in shares of Workiva by 4.3% during the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Workiva by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 423,782 shares of the software maker’s stock worth $33,530,000 after purchasing an additional 6,422 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.