Mutual of America Capital Management LLC Buys 16,881 Shares of Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC increased its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,940 shares of the software maker's stock after buying an additional 16,881 shares during the period. Mutual of America Capital Management LLC owned about 0.13% of Workiva worth $7,768,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker's stock valued at $159,000 after buying an additional 116 shares during the last quarter. Truist Financial Corp bought a new stake in Workiva in the 4th quarter valued at about $211,000. Heartwood Wealth Advisors LLC purchased a new stake in Workiva during the fourth quarter valued at about $219,000. Abacus Planning Group Inc. bought a new position in Workiva during the fourth quarter worth about $222,000. Finally, Legato Capital Management LLC purchased a new position in shares of Workiva in the fourth quarter worth about $226,000. Institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

WK has been the subject of several analyst reports. 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. The Goldman Sachs Group lifted their price target on Workiva from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Citigroup increased their price objective on Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BMO Capital Markets reduced their target price on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their price target on Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $121.57.

Workiva Stock Up 2.2 %

NYSE:WK traded up $1.90 during midday trading on Wednesday, hitting $89.40. The company had a trading volume of 675,305 shares, compared to its average volume of 414,553. The company has a market capitalization of $4.95 billion, a PE ratio of -97.17 and a beta of 1.09. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The stock's fifty day moving average price is $100.38 and its 200-day moving average price is $91.24.

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.