5,000 Shares in Workiva Inc. (NYSE:WK) Purchased by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in Workiva Inc. (NYSE:WK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,000 shares of the software maker’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Workiva by 2.0% in the 2nd quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after acquiring an additional 137 shares in the last quarter. Quarry LP raised its holdings in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after acquiring an additional 179 shares in the last quarter. Xponance Inc. increased its position in shares of Workiva by 6.0% during the 2nd quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock valued at $233,000 after purchasing an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Workiva by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

WK opened at $109.30 on Wednesday. The stock’s 50 day simple moving average is $89.86 and its 200 day simple moving average is $80.21. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $109.91. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of -118.79 and a beta of 1.09.

Wall Street Analyst Weigh In

WK has been the topic of several recent research reports. 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, November 7th. Robert W. Baird increased their price objective on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup increased their price objective on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus increased their price objective on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.80.

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.