Brinker Capital Investments LLC Decreases Stock Holdings in Workiva Inc. (NYSE:WK)

Brinker Capital Investments LLC reduced its holdings in Workiva Inc. (NYSE:WKGet Rating) by 32.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,454 shares of the software maker’s stock after selling 1,174 shares during the period. Brinker Capital Investments LLC’s holdings in Workiva were worth $206,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in Workiva by 44.9% during the 3rd quarter. Bessemer Group Inc. now owns 65,475 shares of the software maker’s stock valued at $5,094,000 after buying an additional 20,289 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Workiva by 13.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 21,165 shares of the software maker’s stock valued at $1,647,000 after buying an additional 2,495 shares in the last quarter. American Trust acquired a new position in shares of Workiva during the third quarter worth $208,000. Los Angeles Capital Management LLC increased its position in Workiva by 45.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 16,991 shares of the software maker’s stock valued at $1,322,000 after buying an additional 5,271 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in shares of Workiva in the 3rd quarter valued at approximately $1,529,000. Institutional investors own 82.41% of the company’s stock.

Workiva Stock Performance

NYSE WK opened at $88.31 on Tuesday. The firm’s 50-day moving average is $94.71 and its two-hundred day moving average is $86.94. Workiva Inc. has a 12 month low of $59.43 and a 12 month high of $104.76. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 381.76.

Workiva (NYSE:WKGet Rating) last posted its earnings results on Tuesday, February 21st. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.20. Workiva had a negative return on equity of 4,861.53% and a negative net margin of 21.24%. The firm had revenue of $143.80 million for the quarter, compared to analyst estimates of $139.22 million. As a group, research analysts anticipate that Workiva Inc. will post -2.02 earnings per share for the current fiscal year.

Insider Transactions at Workiva

In other news, CFO Jill Klindt sold 15,000 shares of Workiva stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $90.20, for a total transaction of $1,353,000.00. Following the completion of the sale, the chief financial officer now directly owns 84,399 shares of the company’s stock, valued at approximately $7,612,789.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Brandon Ziegler sold 10,818 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $87.67, for a total transaction of $948,414.06. Following the completion of the transaction, the chief accounting officer now directly owns 97,364 shares of the company’s stock, valued at $8,535,901.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Klindt sold 15,000 shares of Workiva stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $90.20, for a total value of $1,353,000.00. Following the completion of the sale, the chief financial officer now owns 84,399 shares in the company, valued at $7,612,789.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,249 shares of company stock valued at $3,389,641. 5.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BMO Capital Markets lifted their price target on Workiva from $88.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Robert W. Baird upped their price objective on shares of Workiva from $100.00 to $106.00 in a research report on Wednesday, May 3rd. Truist Financial increased their target price on Workiva from $100.00 to $110.00 in a research report on Wednesday, May 3rd. StockNews.com assumed coverage on Workiva in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Stifel Nicolaus raised their price target on shares of Workiva from $77.00 to $83.00 in a research note on Wednesday, May 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.67.

Workiva Profile

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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 includes Wdesk, which offers controlled collaboration, data linking, data integrations, granular permissions, process management, and a full audit trail.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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