US Bancorp DE Reduces Holdings in Workiva Inc. (NYSE:WK)

US Bancorp DE decreased its position in shares of Workiva Inc. (NYSE:WKFree Report) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,645 shares of the software maker’s stock after selling 2,966 shares during the period. US Bancorp DE’s holdings in Workiva were worth $2,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in Workiva by 3.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,970 shares of the software maker’s stock worth $302,000 after acquiring an additional 108 shares during the period. Wealth Alliance raised its position in shares of Workiva by 4.8% during the fourth quarter. Wealth Alliance now owns 2,620 shares of the software maker’s stock valued at $266,000 after buying an additional 121 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 valued at $168,000 after buying an additional 132 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Workiva by 2.7% during the third quarter. Victory Capital Management Inc. now owns 5,201 shares of the software maker’s stock valued at $527,000 after buying an additional 136 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Workiva by 6.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,416 shares of the software maker’s stock valued at $245,000 after buying an additional 146 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WK. William Blair reiterated an “outperform” rating on shares of Workiva in a research report on Friday, May 3rd. Stifel Nicolaus reduced their price objective on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets reduced their price objective on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Finally, Citigroup reduced their price objective on shares of Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.86.

Get Our Latest Report on WK

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 3,435 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $81.46, for a total transaction of $279,815.10. Following the completion of the sale, the executive vice president now directly owns 55,487 shares of the company’s stock, valued at $4,519,971.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.86% of the stock is owned by insiders.

Workiva Price Performance

WK stock opened at $76.25 on Friday. The firm has a fifty day moving average price of $81.14 and a 200 day moving average price of $89.20. Workiva Inc. has a fifty-two week low of $75.77 and a fifty-two week high of $116.00.

Workiva (NYSE:WKGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.19) EPS for the quarter, hitting the consensus estimate of ($0.19). The firm had revenue of $175.67 million for the quarter, compared to analysts’ expectations of $173.85 million. As a group, research analysts forecast that Workiva Inc. will post -0.62 earnings per share for the current year.

Workiva Company 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.

Featured Articles

Want to see what other hedge funds are holding WK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workiva Inc. (NYSE:WKFree Report).

Institutional Ownership by Quarter for Workiva (NYSE:WK)

Receive News & Ratings for Workiva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva and related companies with MarketBeat.com's FREE daily email newsletter.