Allspring Global Investments Holdings LLC Purchases Shares of 47,584 Workiva Inc. (NYSE:WK)

Allspring Global Investments Holdings LLC acquired a new position in shares of Workiva Inc. (NYSE:WK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 47,584 shares of the software maker's stock, valued at approximately $5,210,000. Allspring Global Investments Holdings LLC owned about 0.09% of Workiva as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Versor Investments LP bought a new stake in shares of Workiva in the 3rd quarter worth about $1,217,000. SG Americas Securities LLC grew its position in Workiva by 141.6% in the 4th quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock worth $1,023,000 after purchasing an additional 5,475 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Workiva by 4.3% in the 3rd 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 last quarter. Mutual of America Capital Management LLC grew its position in Workiva by 138.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker's stock worth $4,277,000 after purchasing an additional 31,421 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of Workiva in the 4th quarter worth approximately $59,894,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Trading Down 2.5 %

Shares of WK traded down $2.16 during mid-day trading on Friday, reaching $84.39. The company's stock had a trading volume of 197,019 shares, compared to its average volume of 651,171. The stock has a market cap of $4.67 billion, a PE ratio of -91.60 and a beta of 1.06. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83. The company's fifty day moving average price is $104.16 and its two-hundred day moving average price is $90.38.

Wall Street Analyst Weigh In

WK has been the subject of a number of research reports. Stifel Nicolaus raised shares of Workiva from a "hold" rating to a "buy" rating and increased their price target for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. Robert W. Baird raised their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Citigroup raised their price objective on shares of Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets increased their target price 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Workiva has an average rating of "Moderate Buy" and an average target price of $122.14.

Workiva 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.