Raymond James Upgrades Workiva (NYSE:WK) to Outperform

Workiva (NYSE:WK) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Friday, MarketBeat.com reports. The firm currently has a $135.00 price objective on the software maker’s stock. Raymond James’ price objective points to a potential upside of 21.24% from the company’s current price.

A number of other research firms also recently issued reports on WK. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and increased their price objective for the stock from $102.00 to $130.00 in a report on Wednesday, December 18th. Citigroup raised their price target on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets raised their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

Workiva Trading Up 2.3 %

WK stock opened at $111.35 on Friday. The stock has a 50-day moving average price of $98.68 and a two-hundred day moving average price of $83.73. Workiva has a 1 year low of $65.47 and a 1 year high of $116.83. The stock has a market cap of $6.17 billion, a PE ratio of -121.03 and a beta of 1.09.

Hedge Funds Weigh In On Workiva

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Workiva during the third quarter worth about $28,000. Quarry LP lifted its stake in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Workiva during the 2nd quarter worth about $62,000. Headlands Technologies LLC grew its stake in Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Workiva in the 3rd quarter valued at about $168,000. 92.21% of the stock is owned by 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.