Chicago Equity Partners LLC grew its position in shares of Workiva Inc (NYSE:WK) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,550 shares of the software maker’s stock after buying an additional 11,771 shares during the quarter. Chicago Equity Partners LLC owned 0.16% of Workiva worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in shares of Workiva by 1.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,424 shares of the software maker’s stock worth $984,000 after buying an additional 366 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Workiva by 14.9% during the 3rd quarter. Legal & General Group Plc now owns 4,718 shares of the software maker’s stock worth $186,000 after buying an additional 611 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Workiva by 5.6% during the 3rd quarter. Alliancebernstein L.P. now owns 28,400 shares of the software maker’s stock worth $1,122,000 after buying an additional 1,500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Workiva during the 4th quarter worth approximately $67,000. Finally, Swiss National Bank lifted its position in shares of Workiva by 4.7% during the 3rd quarter. Swiss National Bank now owns 42,621 shares of the software maker’s stock worth $1,684,000 after buying an additional 1,900 shares in the last quarter. 43.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Eugene S. Katz sold 29,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $36.13, for a total transaction of $1,076,674.00. Following the completion of the sale, the director now owns 30,995 shares in the company, valued at approximately $1,119,849.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP J Stuart Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,798 shares of company stock valued at $7,085,673. 29.94% of the stock is currently owned by company insiders.
WK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Saturday, November 17th. Morgan Stanley dropped their target price on shares of Workiva from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.67.
Shares of WK stock opened at $43.55 on Thursday. Workiva Inc has a 12-month low of $20.50 and a 12-month high of $44.58. The company has a market cap of $1.87 billion, a PE ratio of -40.70 and a beta of 1.08.
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Workiva Company Profile
Workiva Inc operates as a cloud provider of connected data, reporting, and compliance solutions for enterprises and government agencies worldwide. The company provides Wdesk, a cloud platform that modernizes how customers work with business data at thousands of organizations; and Wdata, which centralizes financial and nonfinancial data from diverse sources into a cloud solution.
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