Workiva Inc. (NYSE:WK) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of Workiva Inc. (NYSE:WK) by 11.8% during the 4th quarter, Holdings Channel reports. The firm owned 814,582 shares of the software maker’s stock after buying an additional 86,207 shares during the period. Loomis Sayles & Co. L P’s holdings in Workiva were worth $89,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Workiva by 21.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,390 shares of the software maker’s stock worth $266,000 after buying an additional 423 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Workiva by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,800,074 shares of the software maker’s stock worth $635,108,000 after acquiring an additional 70,820 shares during the period. LPL Financial LLC raised its stake in shares of Workiva by 3.8% in the fourth quarter. LPL Financial LLC now owns 14,534 shares of the software maker’s stock valued at $1,591,000 after acquiring an additional 527 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Workiva in the fourth quarter valued at $1,117,000. Finally, Oxford Financial Group LTD. LLC acquired a new position in Workiva during the 4th quarter worth $252,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WK shares. BMO Capital Markets reduced their price target on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group raised their target price on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird boosted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stephens assumed coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an “overweight” rating and a $111.00 price objective on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.25.

Insider Transactions 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now directly owns 34,084 shares of the company’s stock, valued at $3,023,250.80. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,129 shares of company stock worth $1,807,333. Corporate insiders own 3.86% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK opened at $83.46 on Thursday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The firm has a market capitalization of $4.68 billion, a P/E ratio of -90.72 and a beta of 1.09. The company’s fifty day moving average price is $92.88 and its 200 day moving average price is $92.19.

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.