Aberdeen Group plc Buys 11,651 Shares of Workiva Inc. $WK

Aberdeen Group plc increased its stake in Workiva Inc. (NYSE:WK) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,772 shares of the software maker’s stock after purchasing an additional 11,651 shares during the quarter. Aberdeen Group plc owned 0.41% of Workiva worth $19,749,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Eminence Capital LP increased its position in shares of Workiva by 209.6% during the 2nd quarter. Eminence Capital LP now owns 2,646,768 shares of the software maker’s stock valued at $181,171,000 after purchasing an additional 1,791,768 shares during the last quarter. Nordea Investment Management AB grew its position in Workiva by 50.7% during the third quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock valued at $115,589,000 after buying an additional 460,540 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Workiva during the second quarter valued at approximately $88,677,000. Geode Capital Management LLC raised its position in Workiva by 0.3% in the second quarter. Geode Capital Management LLC now owns 1,207,108 shares of the software maker’s stock worth $82,637,000 after acquiring an additional 4,056 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Workiva by 0.4% during the 2nd quarter. First Trust Advisors LP now owns 964,347 shares of the software maker’s stock worth $66,010,000 after acquiring an additional 3,673 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Trading Up 0.1%

NYSE:WK opened at $58.04 on Thursday. The stock has a 50-day moving average price of $80.59 and a 200 day moving average price of $83.12. The stock has a market capitalization of $3.26 billion, a P/E ratio of -69.10 and a beta of 0.62. Workiva Inc. has a 12-month low of $57.16 and a 12-month high of $97.10.

Wall Street Analyst Weigh In

WK has been the subject of a number of recent research reports. UBS Group set a $110.00 price objective on shares of Workiva in a research report on Sunday, November 9th. BMO Capital Markets upped their price target on Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a research report on Wednesday, January 21st. Truist Financial boosted their price objective on Workiva from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Stephens raised their target price on shares of Workiva from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.