Workiva (NYSE:WK) Stock Rating Upgraded by Raymond James

Workiva (NYSE:WK) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a $135.00 target price on the software maker’s stock. Raymond James’ price target points to a potential upside of 21.24% from the stock’s previous close.

WK has been the subject of a number of other reports. BMO Capital Markets raised their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and increased their price target for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. Citigroup boosted their price objective on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $120.33.

Workiva Trading Up 2.3 %

NYSE:WK opened at $111.35 on Friday. The stock has a market capitalization of $6.17 billion, a P/E ratio of -121.03 and a beta of 1.09. Workiva has a 1 year low of $65.47 and a 1 year high of $116.83. The firm has a 50 day moving average of $98.68 and a 200-day moving average of $83.73.

Institutional Trading of Workiva

Hedge funds have recently modified their holdings of the company. World Investment Advisors LLC bought a new position in shares of Workiva during the third quarter worth $396,000. Sanctuary Advisors LLC acquired a new position in Workiva in the third quarter valued at about $168,000. Geode Capital Management LLC increased its holdings in shares of Workiva by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock worth $90,597,000 after acquiring an additional 35,029 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of Workiva during the third quarter worth about $381,000. Finally, Main Management ETF Advisors LLC bought a new position in shares of Workiva during the 3rd quarter valued at about $921,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.