Moody National Bank Trust Division Makes New $525,000 Investment in Workiva Inc. (NYSE:WK)

Moody National Bank Trust Division purchased a new position in shares of Workiva Inc. (NYSE:WKGet Rating) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,950 shares of the software maker’s stock, valued at approximately $525,000.

Several other hedge funds also recently modified their holdings of the company. American Trust acquired a new stake in shares of Workiva during the 1st quarter worth about $227,000. Advisors Asset Management Inc. lifted its holdings in shares of Workiva by 20.9% during the 1st quarter. Advisors Asset Management Inc. now owns 12,646 shares of the software maker’s stock worth $1,492,000 after acquiring an additional 2,189 shares during the period. Beacon Pointe Advisors LLC lifted its holdings in shares of Workiva by 55.8% during the 1st quarter. Beacon Pointe Advisors LLC now owns 3,115 shares of the software maker’s stock worth $368,000 after acquiring an additional 1,115 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Workiva during the 1st quarter worth about $298,000. Finally, Royal Bank of Canada lifted its holdings in shares of Workiva by 34.3% during the 1st quarter. Royal Bank of Canada now owns 103,279 shares of the software maker’s stock worth $12,187,000 after acquiring an additional 26,371 shares during the period. 84.56% of the stock is owned by institutional investors and hedge funds.

Workiva Trading Down 3.8 %

NYSE WK opened at $66.60 on Monday. Workiva Inc. has a one year low of $59.43 and a one year high of $173.24. The company’s 50 day moving average price is $68.13 and its 200 day moving average price is $80.55. The company has a debt-to-equity ratio of 45.13, a quick ratio of 1.52 and a current ratio of 1.52.

Workiva (NYSE:WKGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The software maker reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.07. Workiva had a negative net margin of 13.80% and a negative return on equity of 137.88%. The firm had revenue of $131.55 million for the quarter, compared to analyst estimates of $125.90 million. As a group, equities research analysts forecast that Workiva Inc. will post -1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Workiva in a report on Thursday, September 1st. They set a “buy” rating and a $86.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Workiva from $100.00 to $105.00 in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Workiva Company Profile

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Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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