Knights of Columbus Asset Advisors LLC Purchases 22,553 Shares of Workiva Inc. (NYSE:WK)

Knights of Columbus Asset Advisors LLC grew its stake in Workiva Inc. (NYSE:WK) by 108.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,428 shares of the software maker’s stock after purchasing an additional 22,553 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Workiva were worth $4,409,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of Workiva in the 2nd quarter valued at approximately $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Workiva in the fourth quarter worth approximately $28,000. Belpointe Asset Management LLC raised its holdings in shares of Workiva by 133.8% in the first quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker’s stock worth $35,000 after buying an additional 198 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Workiva in the third quarter worth approximately $54,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Workiva in the first quarter worth approximately $82,000. 92.21% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the transaction, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. Citigroup reduced their price target on Workiva from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, BMO Capital Markets reduced their price target on Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.50.

Workiva Stock Performance

WK opened at $77.86 on Friday. The stock’s fifty day moving average is $84.41 and its two-hundred day moving average is $91.97. Workiva Inc. has a 52 week low of $76.63 and a 52 week high of $116.00.

Workiva (NYSE:WK) last released its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.10. The firm had revenue of $166.65 million for the quarter, compared to analysts’ expectations of $164.44 million. On average, research analysts anticipate that Workiva Inc. will post -0.91 EPS for the current year.

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.