Heartwood Wealth Advisors LLC Makes New Investment in Workiva Inc. (NYSE:WK)

Heartwood Wealth Advisors LLC acquired a new stake in shares of Workiva Inc. (NYSE:WK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the software maker’s stock, valued at approximately $219,000.

A number of other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of Workiva in the third quarter valued at approximately $28,000. Quarry LP raised its holdings in Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after acquiring an additional 166 shares during the period. Point72 Hong Kong Ltd acquired a new position in Workiva during the 2nd quarter worth $62,000. Headlands Technologies LLC lifted its position in Workiva by 896.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Workiva during the third quarter valued at about $168,000. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WK shares. Stifel Nicolaus raised Workiva from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $102.00 to $130.00 in a research report on Wednesday, December 18th. Citigroup increased their price objective on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. BMO Capital Markets upped their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their target price on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

Workiva Price Performance

Shares of Workiva stock traded down $4.51 during midday trading on Friday, hitting $106.47. 228,340 shares of the company were exchanged, compared to its average volume of 421,635. The firm has a 50 day simple moving average of $101.19 and a 200-day simple moving average of $84.74. The firm has a market cap of $5.90 billion, a P/E ratio of -115.73 and a beta of 1.07. Workiva Inc. has a 52 week low of $65.47 and a 52 week high of $116.83.

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.