Knights of Columbus Asset Advisors LLC Raises Stake in Workiva Inc. (NYSE:WK)

Knights of Columbus Asset Advisors LLC increased its stake in shares of Workiva Inc. (NYSE:WK) by 108.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,428 shares of the software maker’s stock after purchasing an additional 22,553 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.08% of Workiva worth $4,409,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WK. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Workiva by 2.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,195 shares of the software maker’s stock valued at $1,035,000 after acquiring an additional 261 shares in the last quarter. Wealth Alliance raised its holdings in shares of Workiva by 4.8% in the 4th quarter. Wealth Alliance now owns 2,620 shares of the software maker’s stock valued at $266,000 after acquiring an additional 121 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Workiva by 3.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,970 shares of the software maker’s stock valued at $302,000 after purchasing an additional 108 shares during the last quarter. Ingalls & Snyder LLC increased its position in shares of Workiva by 0.9% during the 4th quarter. Ingalls & Snyder LLC now owns 49,878 shares of the software maker’s stock valued at $5,064,000 after purchasing an additional 438 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Workiva by 0.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 952,730 shares of the software maker’s stock valued at $96,731,000 after purchasing an additional 5,440 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

WK opened at $77.86 on Friday. The stock’s 50 day simple moving average is $84.41 and its 200 day simple moving average is $91.97. Workiva Inc. has a 1 year low of $76.63 and a 1 year high of $116.00.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. The company had revenue of $166.65 million for the quarter, compared to the consensus estimate of $164.44 million. Analysts expect that Workiva Inc. will post -0.91 EPS for the current fiscal year.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 11,439 shares of Workiva stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $93.62, for a total value of $1,070,919.18. Following the sale, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WK. Citigroup reduced their price objective on Workiva from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets reduced their price objective on Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their price objective on Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.50.

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.