Moody National Bank Trust Division Sells 700 Shares of Workiva Inc. (NYSE:WK)

Moody National Bank Trust Division lowered its holdings in shares of Workiva Inc. (NYSE:WK) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,654 shares of the software maker’s stock after selling 700 shares during the quarter. Moody National Bank Trust Division’s holdings in Workiva were worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WK. Price T Rowe Associates Inc. MD lifted its stake in Workiva by 23.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,022,057 shares of the software maker’s stock worth $199,426,000 after purchasing an additional 564,500 shares in the last quarter. Clearbridge Investments LLC bought a new position in Workiva during the first quarter valued at approximately $57,921,000. Norges Bank purchased a new position in Workiva during the 4th quarter valued at approximately $35,347,000. Brown Capital Management LLC increased its stake in Workiva by 153.4% in the 1st quarter. Brown Capital Management LLC now owns 690,246 shares of the software maker’s stock worth $70,688,000 after acquiring an additional 417,844 shares during the last quarter. Finally, Sculptor Capital LP purchased a new stake in shares of Workiva during the 1st quarter worth approximately $34,850,000. Institutional investors own 83.69% of the company’s stock.

Workiva Trading Down 2.1 %

Shares of NYSE:WK opened at $110.03 on Friday. The business’s fifty day simple moving average is $104.76 and its 200-day simple moving average is $98.83. Workiva Inc. has a 12-month low of $60.28 and a 12-month high of $116.00. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2,262.59. The company has a market capitalization of $5.91 billion, a PE ratio of -53.15 and a beta of 1.08.

Workiva (NYSE:WK) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.18. Workiva had a negative return on equity of 26,521.01% and a negative net margin of 19.02%. The firm had revenue of $155.02 million for the quarter, compared to the consensus estimate of $153.40 million. As a group, equities research analysts predict that Workiva Inc. will post -1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Workiva in a research report on Monday, August 28th. They issued an “outperform” rating and a $120.00 price target on the stock. StockNews.com assumed coverage on Workiva in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Robert W. Baird lifted their target price on Workiva from $106.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Northland Securities raised their price target on Workiva from $90.00 to $115.00 in a research report on Friday, August 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Workiva from $108.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus target price of $109.75.

Workiva Company Profile

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, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.