Impax Asset Management Group plc Buys 22,500 Shares of Workiva Inc. $WK

Impax Asset Management Group plc lifted its stake in shares of Workiva Inc. (NYSE:WK) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,086 shares of the software maker’s stock after buying an additional 22,500 shares during the quarter. Impax Asset Management Group plc owned about 0.24% of Workiva worth $11,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WK. Essex Investment Management Co. LLC purchased a new position in shares of Workiva during the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC boosted its position in shares of Workiva by 52.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock valued at $109,000 after purchasing an additional 440 shares in the last quarter. Ranger Investment Management L.P. grew its stake in Workiva by 39.5% in the third quarter. Ranger Investment Management L.P. now owns 312,045 shares of the software maker’s stock worth $26,861,000 after purchasing an additional 88,425 shares during the period. AGF Management Ltd. purchased a new stake in Workiva in the third quarter worth $3,547,000. Finally, State of Wyoming raised its holdings in Workiva by 15.4% in the third quarter. State of Wyoming now owns 1,553 shares of the software maker’s stock worth $134,000 after purchasing an additional 207 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Trading Down 7.1%

WK stock opened at $65.01 on Thursday. The stock’s 50 day simple moving average is $83.67 and its 200 day simple moving average is $83.46. Workiva Inc. has a 12-month low of $60.50 and a 12-month high of $97.10. The stock has a market capitalization of $3.65 billion, a PE ratio of -77.39 and a beta of 0.62.

Analyst Ratings Changes

WK has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. UBS Group set a $110.00 price objective on shares of Workiva in a report on Sunday, November 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 target price on shares of Workiva in a research note on Thursday, November 6th. Raymond James Financial reissued an “outperform” rating and issued a $105.00 price target on shares of Workiva in a research report on Wednesday, December 10th. Finally, BTIG Research assumed coverage on Workiva in a research note on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $103.92.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.