Orser Capital Management LLC Has $5.88 Million Stake in Workiva Inc. (NYSE:WK)

Orser Capital Management LLC decreased its stake in shares of Workiva Inc. (NYSE:WK) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,658 shares of the software maker’s stock after selling 1,250 shares during the period. Workiva comprises 4.4% of Orser Capital Management LLC’s portfolio, making the stock its 7th largest holding. Orser Capital Management LLC owned about 0.10% of Workiva worth $5,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Workiva during the 3rd quarter valued at about $28,000. Quarry LP grew its position in Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares during the period. Point72 Hong Kong Ltd bought a new stake in Workiva during the second quarter valued at approximately $62,000. Sanctuary Advisors LLC purchased a new stake in Workiva during the third quarter valued at approximately $168,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

NYSE WK opened at $114.17 on Thursday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The stock’s 50 day moving average is $103.29 and its 200 day moving average is $85.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WK shares. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. Citigroup upped their price target on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.14.

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.