Janney Montgomery Scott LLC Acquires 7,582 Shares of Workiva Inc. (NYSE:WK)

Janney Montgomery Scott LLC raised its stake in shares of Workiva Inc. (NYSE:WKGet Rating) by 61.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 19,915 shares of the software maker’s stock after purchasing an additional 7,582 shares during the period. Janney Montgomery Scott LLC’s holdings in Workiva were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WK. Nisa Investment Advisors LLC grew its holdings in Workiva by 9.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,639 shares of the software maker’s stock worth $108,000 after buying an additional 147 shares in the last quarter. Bell Bank grew its holdings in Workiva by 6.1% during the second quarter. Bell Bank now owns 6,220 shares of the software maker’s stock worth $410,000 after buying an additional 360 shares in the last quarter. Moody Aldrich Partners LLC grew its holdings in Workiva by 1.7% during the third quarter. Moody Aldrich Partners LLC now owns 64,015 shares of the software maker’s stock worth $4,980,000 after buying an additional 1,100 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Workiva by 30.5% during the second quarter. JPMorgan Chase & Co. now owns 165,229 shares of the software maker’s stock worth $10,904,000 after buying an additional 38,585 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Workiva by 350.7% during the second quarter. First Horizon Advisors Inc. now owns 658 shares of the software maker’s stock worth $43,000 after buying an additional 512 shares in the last quarter. 82.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WK shares. Truist Financial decreased their price target on Workiva from $90.00 to $80.00 in a report on Thursday, November 3rd. StockNews.com began coverage on Workiva in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group began coverage on Workiva in a research report on Friday, October 21st. They issued a “buy” rating and a $101.00 price objective on the stock. Robert W. Baird cut their price objective on Workiva from $105.00 to $96.00 in a research report on Thursday, November 3rd. Finally, Citigroup cut their price objective on Workiva from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.17.

Workiva Stock Up 0.2 %

Shares of NYSE WK opened at $89.58 on Monday. Workiva Inc. has a one year low of $59.43 and a one year high of $124.76. The company has a debt-to-equity ratio of 45.13, a current ratio of 1.51 and a quick ratio of 1.51. The business’s fifty day moving average price is $80.39 and its 200-day moving average price is $73.68. The stock has a market capitalization of $4.71 billion, a PE ratio of -51.48 and a beta of 1.15.

Workiva (NYSE:WKGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The software maker reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.07. Workiva had a negative return on equity of 338.14% and a negative net margin of 17.75%. The firm had revenue of $132.85 million for the quarter, compared to analysts’ expectations of $132.42 million. On average, equities research analysts anticipate that Workiva Inc. will post -1.82 EPS for the current year.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 5,505 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $66.72, for a total transaction of $367,293.60. Following the sale, the executive vice president now directly owns 58,745 shares in the company, valued at approximately $3,919,466.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Workiva news, EVP Michael D. Hawkins sold 5,505 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $66.72, for a total value of $367,293.60. Following the transaction, the executive vice president now directly owns 58,745 shares in the company, valued at approximately $3,919,466.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brigid A. Bonner sold 2,800 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $77.21, for a total value of $216,188.00. Following the completion of the transaction, the director now owns 16,554 shares in the company, valued at $1,278,134.34. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.

About Workiva

(Get Rating)

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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