Workiva Inc. (NYSE:WK) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its position in Workiva Inc. (NYSE:WK - Free Report) by 138.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,059 shares of the software maker's stock after purchasing an additional 31,421 shares during the period. Mutual of America Capital Management LLC owned approximately 0.10% of Workiva worth $4,277,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of WK. Principal Financial Group Inc. grew its holdings in Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker's stock worth $498,000 after acquiring an additional 137 shares during the period. Quarry LP raised its position in shares of Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker's stock worth $33,000 after acquiring an additional 166 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Workiva by 8.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker's stock valued at $171,000 after acquiring an additional 179 shares during the period. Xponance Inc. increased its position in shares of Workiva by 6.0% in the second quarter. Xponance Inc. now owns 3,195 shares of the software maker's stock valued at $233,000 after buying an additional 182 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Workiva by 3.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker's stock worth $358,000 after acquiring an additional 183 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WK shares. StockNews.com cut Workiva from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. BMO Capital Markets raised their price objective on Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Northland Securities lowered their target price on shares of Workiva from $106.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Robert W. Baird increased their target price on shares of Workiva from $94.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.20.

Workiva Price Performance

Shares of WK stock traded up $0.75 during trading on Friday, hitting $95.62. 482,105 shares of the stock traded hands, compared to its average volume of 377,089. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $105.00. The firm has a market capitalization of $5.30 billion, a P/E ratio of -103.93 and a beta of 1.05. The firm's fifty day moving average price is $82.16 and its 200-day moving average price is $78.02.

Insider Buying and Selling at Workiva

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