Los Angeles Capital Management LLC Acquires 890 Shares of Workiva Inc. (NYSE:WK)

Los Angeles Capital Management LLC increased its holdings in shares of Workiva Inc. (NYSE:WK) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,999 shares of the software maker’s stock after acquiring an additional 890 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Workiva were worth $1,861,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning grew its position in shares of Workiva by 73.5% during the 3rd quarter. Creative Planning now owns 11,929 shares of the software maker’s stock worth $944,000 after purchasing an additional 5,053 shares in the last quarter. International Assets Investment Management LLC increased its stake in Workiva by 6,373.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker’s stock worth $732,000 after acquiring an additional 9,114 shares during the period. US Bancorp DE raised its holdings in Workiva by 58.3% in the 3rd quarter. US Bancorp DE now owns 23,431 shares of the software maker’s stock valued at $1,854,000 after acquiring an additional 8,632 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Workiva by 16.5% during the 3rd quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock valued at $12,547,000 after acquiring an additional 22,500 shares during the period. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK opened at $87.51 on Friday. The firm has a 50 day simple moving average of $101.95 and a 200 day simple moving average of $90.83. The company has a market cap of $4.85 billion, a price-to-earnings ratio of -95.12 and a beta of 1.06. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WK shares. The Goldman Sachs Group boosted their price target on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Citigroup boosted their target price on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird increased their price target 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. BMO Capital Markets decreased their price objective on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.57.

Workiva 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.