Oppenheimer Asset Management Inc. Trims Position in Workiva Inc. (NYSE:WK)

Oppenheimer Asset Management Inc. lessened its stake in Workiva Inc. (NYSE:WK - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,231 shares of the software maker's stock after selling 4,680 shares during the period. Oppenheimer Asset Management Inc. owned 0.13% of Workiva worth $8,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in shares of Workiva during the third quarter worth approximately $1,217,000. SG Americas Securities LLC lifted its position in Workiva by 141.6% in the fourth quarter. SG Americas Securities LLC now owns 9,341 shares of the software maker's stock valued at $1,023,000 after purchasing an additional 5,475 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker's stock valued at $37,010,000 after purchasing an additional 19,095 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings 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 valued at $4,277,000 after purchasing an additional 31,421 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in Workiva during the 4th quarter worth approximately $59,894,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Robert W. Baird lifted their price target on Workiva from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Stifel Nicolaus decreased their target price on shares of Workiva from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Raymond James raised shares of Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Friday, January 3rd. Citigroup raised their price objective on shares of Workiva from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets decreased their price objective on shares of Workiva from $120.00 to $108.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.57.

Remove Ads

Workiva Stock Down 1.4 %

Shares of Workiva stock traded down $1.20 on Monday, hitting $86.32. The company's stock had a trading volume of 653,091 shares, compared to its average volume of 412,211. The company has a market capitalization of $4.78 billion, a P/E ratio of -93.83 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 firm has a fifty day moving average price of $101.41 and a 200-day moving average price of $91.12.

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.