William Blair Reiterates Outperform Rating for Workiva (NYSE:WK)

Workiva (NYSE:WK)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a note issued to investors on Friday, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their price target on Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Stifel Nicolaus cut their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Finally, Citigroup decreased their price target on shares of Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.86.

Workiva Trading Up 0.2 %

NYSE WK opened at $81.87 on Friday. Workiva has a 12 month low of $76.63 and a 12 month high of $116.00. The firm has a market capitalization of $4.48 billion, a PE ratio of -47.60 and a beta of 1.04. The business’s 50-day moving average price is $82.27 and its two-hundred day moving average price is $90.39.

Workiva (NYSE:WK) last released its earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.10. The firm had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. As a group, analysts forecast that Workiva will post -0.84 earnings per share for the current fiscal year.

Institutional Trading of Workiva

Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in Workiva by 3.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,970 shares of the software maker’s stock worth $302,000 after purchasing an additional 108 shares in the last quarter. Wealth Alliance boosted its stake in shares of Workiva by 4.8% in the 4th quarter. Wealth Alliance now owns 2,620 shares of the software maker’s stock worth $266,000 after buying an additional 121 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Workiva by 7.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,800 shares of the software maker’s stock valued at $168,000 after acquiring an additional 132 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Workiva by 2.7% during the third quarter. Victory Capital Management Inc. now owns 5,201 shares of the software maker’s stock valued at $527,000 after acquiring an additional 136 shares during the last quarter. Finally, Foster Group Inc. lifted its holdings in Workiva by 3.3% during the third quarter. Foster Group Inc. now owns 4,368 shares of the software maker’s stock worth $443,000 after acquiring an additional 139 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Company Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.