Orser Capital Management LLC Purchases 626 Shares of Workiva Inc. (NYSE:WK)

Orser Capital Management LLC increased its position in shares of Workiva Inc. (NYSE:WKFree Report) by 1.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 58,878 shares of the software maker’s stock after acquiring an additional 626 shares during the period. Workiva accounts for about 4.9% of Orser Capital Management LLC’s holdings, making the stock its 4th largest position. Orser Capital Management LLC’s holdings in Workiva were worth $4,993,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Workiva in the 4th quarter valued at about $107,000. Vinva Investment Management Ltd purchased a new stake in Workiva during the third quarter worth approximately $162,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Workiva by 7.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,800 shares of the software maker’s stock worth $168,000 after purchasing an additional 132 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Workiva during the fourth quarter worth approximately $213,000. Finally, SRS Capital Advisors Inc. lifted its stake in Workiva by 261.3% during the third quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker’s stock worth $215,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK traded up $2.31 during trading on Friday, reaching $73.07. The company had a trading volume of 857,980 shares, compared to its average volume of 283,113. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -42.48 and a beta of 1.07. The stock’s fifty day moving average price is $78.63 and its 200 day moving average price is $86.84. Workiva Inc. has a fifty-two week low of $69.46 and a fifty-two week high of $116.00.

Workiva (NYSE:WKGet Free Report) last released its earnings results on Thursday, May 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.19). The company had revenue of $175.67 million during the quarter, compared to analyst estimates of $173.85 million. On average, equities analysts anticipate that Workiva Inc. will post -0.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WK shares. StockNews.com upgraded Workiva from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. William Blair reiterated an “outperform” rating on shares of Workiva in a research note on Friday, May 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $96.00 price objective on shares of Workiva in a research note on Tuesday, June 11th. Finally, Citigroup reduced their price objective on Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.43.

Get Our Latest Stock Report on WK

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 3,435 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $81.46, for a total transaction of $279,815.10. Following the transaction, the executive vice president now owns 55,487 shares of the company’s stock, valued at $4,519,971.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.86% of the stock is currently owned by corporate insiders.

Workiva Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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