Impax Asset Management Group plc Increases Stock Position in Workiva Inc. (NYSE:WK)

Impax Asset Management Group plc boosted its position in Workiva Inc. (NYSE:WK - Free Report) by 16.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 158,586 shares of the software maker's stock after purchasing an additional 22,500 shares during the period. Impax Asset Management Group plc owned about 0.29% of Workiva worth $12,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in shares of Workiva in the 3rd quarter worth about $1,217,000. TimesSquare Capital Management LLC grew its position in shares of Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock valued at $37,010,000 after acquiring an additional 19,095 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Workiva during the 1st quarter worth approximately $1,629,000. Comerica Bank raised its holdings in shares of Workiva by 23.8% in the 1st quarter. Comerica Bank now owns 87,999 shares of the software maker's stock worth $7,462,000 after purchasing an additional 16,943 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Workiva by 15.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 76,702 shares of the software maker's stock valued at $6,502,000 after purchasing an additional 10,380 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Workiva Price Performance

Shares of Workiva stock traded down $1.95 during trading on Friday, hitting $91.28. 363,642 shares of the stock traded hands, compared to its average volume of 395,739. The firm's fifty day moving average is $80.52 and its 200-day moving average is $77.69. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00.

Wall Street Analyst Weigh In

WK has been the subject of a number of research reports. Northland Securities cut their target price 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. BMO Capital Markets lifted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a report on Thursday, November 7th. StockNews.com lowered Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. Finally, Robert W. Baird lifted their price target on Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.20.

Insider Buying and Selling at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the sale, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.86% of the company's stock.

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.