TimesSquare Capital Management LLC Increases Holdings in Workiva Inc. (NYSE:WK)

TimesSquare Capital Management LLC raised its position in shares of Workiva Inc. (NYSE:WK - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 559,961 shares of the software maker's stock after acquiring an additional 92,192 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.01% of Workiva worth $61,316,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WK. Creative Planning boosted its position in Workiva by 73.5% during the 3rd quarter. Creative Planning now owns 11,929 shares of the software maker's stock valued at $944,000 after acquiring an additional 5,053 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Workiva in the 3rd quarter worth approximately $28,000. International Assets Investment Management LLC boosted its position in shares of Workiva by 6,373.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker's stock worth $732,000 after purchasing an additional 9,114 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker's stock worth $11,503,000 after purchasing an additional 118,234 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Workiva by 25.0% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 3,685 shares of the software maker's stock worth $292,000 after purchasing an additional 736 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WK. Raymond James raised Workiva from a "market perform" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. Robert W. Baird boosted 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. Stifel Nicolaus raised Workiva from a "hold" rating to a "buy" rating and boosted their price target for the stock from $102.00 to $130.00 in a research report on Wednesday, December 18th. Citigroup boosted their price target on Workiva from $116.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets boosted their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Workiva presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.14.

Workiva Price Performance

NYSE WK traded down $2.03 during mid-day trading on Friday, reaching $84.52. The stock had a trading volume of 447,674 shares, compared to its average volume of 658,958. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The stock has a market cap of $4.68 billion, a PE ratio of -91.87 and a beta of 1.06. The company has a fifty day moving average price of $103.78 and a 200 day moving average price of $90.47.

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.