Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 241 Shares of Workiva Inc. (NYSE:WK)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Workiva Inc. (NYSE:WK – Get Rating) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,607 shares of the software maker’s stock after acquiring an additional 241 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Workiva were worth $203,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WK. Raymond James & Associates raised its position in shares of Workiva by 4.8% in the 1st quarter. Raymond James & Associates now owns 36,473 shares of the software maker’s stock worth $4,304,000 after acquiring an additional 1,667 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Workiva by 54.8% in the 1st quarter. MetLife Investment Management LLC now owns 22,917 shares of the software maker’s stock worth $2,704,000 after acquiring an additional 8,109 shares in the last quarter. Rhumbline Advisers raised its position in shares of Workiva by 3.2% in the 1st quarter. Rhumbline Advisers now owns 44,602 shares of the software maker’s stock worth $5,263,000 after acquiring an additional 1,366 shares in the last quarter. Sei Investments Co. raised its position in shares of Workiva by 34.7% in the 1st quarter. Sei Investments Co. now owns 125,714 shares of the software maker’s stock worth $14,834,000 after acquiring an additional 32,360 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 4,316,544 shares of the software maker’s stock worth $509,353,000 after acquiring an additional 149,693 shares in the last quarter. 82.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WK has been the topic of several research analyst reports. Citigroup dropped their target price on Workiva from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. The Goldman Sachs Group initiated coverage on Workiva in a research note on Friday, October 21st. They set a “buy” rating and a $101.00 target price on the stock. BMO Capital Markets boosted their target price on Workiva from $76.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 6th. StockNews.com initiated coverage on Workiva in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Robert W. Baird dropped their target price on Workiva from $105.00 to $96.00 in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.17.

Insider Buying and Selling at Workiva

In other news, Director Robert H. Herz sold 9,182 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $90.07, for a total value of $827,022.74. Following the completion of the transaction, the director now owns 62,720 shares of the company’s stock, valued at approximately $5,649,190.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert H. Herz sold 9,182 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $90.07, for a total value of $827,022.74. Following the completion of the transaction, the director now owns 62,720 shares of the company’s stock, valued at approximately $5,649,190.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brigid A. Bonner sold 2,800 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were 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 directly owns 16,554 shares of the company’s stock, valued at approximately $1,278,134.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,487 shares of company stock worth $1,410,504. 5.70% of the stock is currently owned by insiders.

Workiva Stock Up 1.6 %

Workiva stock opened at $87.89 on Monday. The company has a debt-to-equity ratio of 45.13, a quick ratio of 1.51 and a current ratio of 1.51. The business’s 50-day simple moving average is $82.03 and its two-hundred day simple moving average is $74.42. The company has a market cap of $4.62 billion, a PE ratio of -50.51 and a beta of 1.15. Workiva Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $124.76.

Workiva (NYSE:WK – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The software maker reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.07. The business had revenue of $132.85 million for the quarter, compared to the consensus estimate of $132.42 million. Workiva had a negative return on equity of 338.14% and a negative net margin of 17.75%. Equities analysts anticipate that Workiva Inc. will post -1.82 EPS for the current year.

About Workiva

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Workiva, Inc engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Its platform, Wdesk, offers controlled collaboration, data linking, data integrations, granular permissions, process management and a full audit trail.