World Investment Advisors LLC Purchases New Holdings in Workiva Inc. (NYSE:WK)

World Investment Advisors LLC purchased a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,000 shares of the software maker's stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in shares of Workiva by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 27,150 shares of the software maker's stock valued at $1,982,000 after purchasing an additional 10,443 shares during the last quarter. Raymond James & Associates lifted its holdings in Workiva by 6.5% during the 2nd quarter. Raymond James & Associates now owns 55,170 shares of the software maker's stock worth $4,027,000 after buying an additional 3,356 shares during the last quarter. Nicholas Company Inc. acquired a new stake in Workiva during the second quarter worth approximately $3,929,000. Bank of New York Mellon Corp boosted its position in shares of Workiva by 14.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker's stock valued at $28,682,000 after purchasing an additional 49,222 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Workiva by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker's stock valued at $86,745,000 after buying an additional 32,230 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Price Performance

Shares of Workiva stock traded up $0.82 during midday trading on Wednesday, hitting $110.11. The company had a trading volume of 1,155,566 shares, compared to its average volume of 381,631. The business's 50 day simple moving average is $90.52 and its two-hundred day simple moving average is $80.44. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83. The stock has a market cap of $6.10 billion, a PE ratio of -119.68 and a beta of 1.09.

Analysts Set New Price Targets

A number of brokerages have issued reports on WK. Robert W. Baird increased their target price on shares of Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Citigroup raised their price objective on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Monday. BMO Capital Markets raised their target price on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised Workiva from a "hold" rating to a "buy" rating and upped their target price for the company from $102.00 to $130.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.40.

About Workiva

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.