Strs Ohio Boosts Position in Workiva Inc. (WK)
Strs Ohio increased its holdings in shares of Workiva Inc. (NYSE:WK) by 66.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,100 shares of the software maker’s stock after acquiring an additional 14,400 shares during the period. Strs Ohio owned approximately 0.09% of Workiva worth $752,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of WK. ETF Managers Group LLC bought a new stake in Workiva during the second quarter worth about $118,000. Legal & General Group Plc raised its holdings in Workiva by 9.3% in the second quarter. Legal & General Group Plc now owns 6,999 shares of the software maker’s stock worth $134,000 after buying an additional 597 shares during the last quarter. Bank of Montreal Can purchased a new position in Workiva in the second quarter worth about $162,000. Voya Investment Management LLC purchased a new position in Workiva in the second quarter worth about $192,000. Finally, American International Group Inc. raised its holdings in Workiva by 7.0% in the first quarter. American International Group Inc. now owns 13,520 shares of the software maker’s stock worth $212,000 after buying an additional 888 shares during the last quarter. 32.15% of the stock is currently owned by institutional investors and hedge funds.
Workiva Inc. (NYSE:WK) opened at $22.88 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of -3.11. Workiva Inc. has a twelve month low of $12.15 and a twelve month high of $22.95.
In other news, major shareholder Jerome M. Behar sold 46,387 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $20.00, for a total transaction of $927,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jerome M. Behar sold 1,289 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $20.95, for a total transaction of $27,004.55. The disclosure for this sale can be found here. Insiders have sold 324,319 shares of company stock valued at $6,611,239 over the last three months. 33.29% of the stock is owned by corporate insiders.
Several research analysts have issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $24.00 target price on shares of Workiva in a report on Friday. Northland Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of Workiva in a report on Sunday, October 29th. Morgan Stanley lifted their target price on shares of Workiva from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, October 5th. Finally, BidaskClub cut shares of Workiva from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.71.
Workiva Company Profile
Workiva Inc provides enterprises with cloud solutions for improving productivity, accountability and insight into business data. The Company created Wdesk, a collaborative work management platform for organizations to collect, link, report and analyze their business data. Wdesk’s word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail.
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