Royal Bank of Canada raised its stake in shares of Workiva Inc (NYSE:WK) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 23,843 shares of the software maker’s stock after purchasing an additional 827 shares during the quarter. Royal Bank of Canada’s holdings in Workiva were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in Workiva by 541.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 462 shares of the software maker’s stock valued at $27,000 after purchasing an additional 390 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Workiva during the 2nd quarter valued at approximately $52,000. Meeder Asset Management Inc. increased its stake in Workiva by 215.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,654 shares of the software maker’s stock valued at $96,000 after purchasing an additional 1,130 shares in the last quarter. Advisory Services Network LLC acquired a new position in Workiva during the 1st quarter valued at approximately $89,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Workiva by 21.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,874 shares of the software maker’s stock valued at $109,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.
WK opened at $40.08 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.80. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -43.10 and a beta of 1.00. Workiva Inc has a 52-week low of $31.65 and a 52-week high of $64.11. The firm’s fifty day simple moving average is $44.65 and its two-hundred day simple moving average is $52.33.
Workiva (NYSE:WK) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $73.48 million for the quarter, compared to analyst estimates of $68.96 million. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share. On average, research analysts forecast that Workiva Inc will post -1.03 EPS for the current year.
WK has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Workiva from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley cut their price objective on shares of Workiva from $46.00 to $42.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 16th. Zacks Investment Research restated a “hold” rating on shares of Workiva in a research report on Saturday. Finally, SunTrust Banks increased their price objective on shares of Workiva to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 7th.
In other news, CEO Martin J. Vanderploeg sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $62.14, for a total value of $1,553,500.00. Following the transaction, the chief executive officer now directly owns 314,918 shares of the company’s stock, valued at $19,569,004.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP J Stuart Miller sold 60,788 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $56.25, for a total transaction of $3,419,325.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,142,038 shares of company stock worth $64,386,888. Insiders own 18.46% of the company’s stock.
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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