Nicholas Company Inc. Buys 6,523 Shares of Workiva Inc. (NYSE:WK)

Nicholas Company Inc. lifted its holdings in Workiva Inc. (NYSE:WK - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,056 shares of the software maker's stock after buying an additional 6,523 shares during the quarter. Nicholas Company Inc. owned about 0.13% of Workiva worth $8,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in Workiva by 13.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,510 shares of the software maker's stock valued at $822,000 after buying an additional 896 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in Workiva in the fourth quarter worth $4,576,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Workiva during the fourth quarter worth $286,000. Swiss National Bank boosted its position in shares of Workiva by 1.5% during the fourth quarter. Swiss National Bank now owns 96,021 shares of the software maker's stock worth $10,514,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Workiva by 16.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,335 shares of the software maker's stock valued at $11,753,000 after buying an additional 14,884 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity at Workiva

In other Workiva news, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the sale, the chief accounting officer now owns 103,509 shares in the company, valued at $8,872,791.48. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jill Klindt sold 5,593 shares of Workiva stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction of $475,628.72. Following the transaction, the chief financial officer now directly owns 119,054 shares of the company's stock, valued at approximately $10,124,352.16. This trade represents a 4.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company's stock.

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Workiva Trading Down 1.2 %

Shares of NYSE WK traded down $1.11 during mid-day trading on Thursday, hitting $88.21. The company had a trading volume of 643,495 shares, compared to its average volume of 422,877. The firm has a 50-day simple moving average of $95.16 and a two-hundred day simple moving average of $91.78. The company has a market capitalization of $4.95 billion, a PE ratio of -95.88 and a beta of 1.09. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WK. The Goldman Sachs Group lifted their target price on Workiva from $120.00 to $133.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird raised their price target on Workiva from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. BMO Capital Markets decreased their price objective on Workiva from $120.00 to $108.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Citigroup raised their target price on shares of Workiva from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price target on shares of Workiva from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.25.

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.