US Bancorp DE Acquires 8,632 Shares of Workiva Inc. (NYSE:WK)

US Bancorp DE increased its stake in shares of Workiva Inc. (NYSE:WK - Free Report) by 58.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,431 shares of the software maker's stock after buying an additional 8,632 shares during the quarter. US Bancorp DE's holdings in Workiva were worth $1,854,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WK. Champlain Investment Partners LLC grew its stake in Workiva by 58.2% during the first quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker's stock worth $113,642,000 after buying an additional 492,945 shares during the last quarter. Swedbank AB bought a new stake in Workiva during the 1st quarter worth approximately $16,180,000. Vanguard Group Inc. grew its position in Workiva by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker's stock worth $439,767,000 after acquiring an additional 181,520 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Workiva by 435.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker's stock valued at $11,503,000 after purchasing an additional 118,234 shares in the last quarter. Finally, Kopp LeRoy C bought a new position in Workiva in the 1st quarter valued at $6,481,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Workiva Stock Up 4.7 %

Shares of WK traded up $4.08 during trading hours on Thursday, reaching $91.71. The stock had a trading volume of 918,446 shares, compared to its average volume of 373,197. The company has a market cap of $5.07 billion, a P/E ratio of -55.58 and a beta of 1.05. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $105.00. The firm has a 50-day moving average of $78.38 and a 200 day moving average of $77.14.

Workiva (NYSE:WK - Get Free Report) last announced its earnings results on Wednesday, November 6th. The software maker reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). The company had revenue of $185.62 million for the quarter, compared to analysts' expectations of $182.50 million. As a group, equities analysts expect that Workiva Inc. will post -0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.86% of the stock is currently owned by insiders.

Workiva 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.