Mutual of America Capital Management LLC Has $2.59 Million Position in Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC lowered its stake in shares of Workiva Inc. (NYSE:WK) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,538 shares of the software maker’s stock after selling 1,155 shares during the period. Mutual of America Capital Management LLC’s holdings in Workiva were worth $2,593,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WK. Cornerstone Planning Group LLC acquired a new position in Workiva in the second quarter worth about $27,000. GHP Investment Advisors Inc. acquired a new position in Workiva in the fourth quarter worth about $28,000. Belpointe Asset Management LLC raised its position in Workiva by 133.8% in the first quarter. Belpointe Asset Management LLC now owns 346 shares of the software maker’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Workiva in the third quarter worth about $54,000. Finally, Lazard Asset Management LLC acquired a new position in Workiva in the first quarter worth about $82,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

WK has been the subject of several recent research reports. Citigroup dropped their price target on shares of Workiva from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets decreased their price objective on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.50.

Workiva Stock Down 0.2 %

Shares of Workiva stock opened at $77.86 on Friday. Workiva Inc. has a 1-year low of $76.63 and a 1-year high of $116.00. The firm’s 50-day moving average price is $84.41 and its two-hundred day moving average price is $91.97.

Workiva (NYSE:WK) last released its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, beating 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. Research analysts anticipate that Workiva Inc. will post -0.91 earnings per share for the current fiscal year.

Workiva 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.