Mutual of America Capital Management LLC Has $1.65 Million Stake in Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC lowered its stake in shares of Workiva Inc. (NYSE:WK) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,638 shares of the software maker’s stock after selling 981 shares during the period. Mutual of America Capital Management LLC’s holdings in Workiva were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WK. EntryPoint Capital LLC bought a new position in Workiva during the 1st quarter worth approximately $40,000. Fidelis Capital Partners LLC acquired a new position in shares of Workiva in the 1st quarter valued at $45,000. RiverPark Advisors LLC grew its holdings in shares of Workiva by 361.5% in the 1st quarter. RiverPark Advisors LLC now owns 1,140 shares of the software maker’s stock valued at $97,000 after buying an additional 893 shares during the period. Headlands Technologies LLC increased its position in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares in the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in Workiva during the 1st quarter worth $226,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.86% of the company’s stock.

Workiva Stock Down 0.6 %

NYSE WK opened at $77.52 on Thursday. The firm’s 50 day moving average is $75.46 and its 200-day moving average is $77.52. The company has a market capitalization of $4.28 billion, a PE ratio of -45.07 and a beta of 1.05. Workiva Inc. has a 12-month low of $65.47 and a 12-month high of $105.00.

Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $177.50 million for the quarter, compared to analysts’ expectations of $175.22 million. During the same quarter in the prior year, the firm earned ($0.36) EPS. The company’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Workiva Inc. will post -0.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WK shares. Northland Securities lowered their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Citigroup raised their target price on shares of Workiva from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, June 28th. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Robert W. Baird dropped their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, June 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Workiva in a research note on Tuesday, June 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workiva presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.