Shares of Workiva Inc (NYSE:WK) reached a new 52-week high during trading on Wednesday . The company traded as high as $44.69 and last traded at $44.54, with a volume of 8192 shares traded. The stock had previously closed at $43.78.
Several research firms have commented on WK. Zacks Investment Research raised shares of Workiva from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, December 25th. Morgan Stanley cut their target price on shares of Workiva from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $38.67.
The company has a market cap of $1.93 billion, a PE ratio of -41.35 and a beta of 1.08.
Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of Workiva by 0.9% during the 4th quarter. Hsbc Holdings PLC now owns 35,437 shares of the software maker’s stock worth $1,272,000 after purchasing an additional 314 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Workiva by 1.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,424 shares of the software maker’s stock worth $984,000 after purchasing an additional 366 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Workiva by 57.1% during the 4th quarter. Macquarie Group Ltd. now owns 1,100 shares of the software maker’s stock worth $39,000 after acquiring an additional 400 shares during the last quarter. Legal & General Group Plc grew its holdings in Workiva by 10.1% during the 4th quarter. Legal & General Group Plc now owns 5,196 shares of the software maker’s stock worth $187,000 after acquiring an additional 478 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in Workiva by 238.1% during the 4th quarter. Advisor Group Inc. now owns 710 shares of the software maker’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 43.58% of the company’s stock.
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About Workiva (NYSE:WK)
Workiva Inc operates as a cloud provider of connected data, reporting, and compliance solutions for enterprises and government agencies worldwide. The company provides Wdesk, a cloud platform that modernizes how customers work with business data at thousands of organizations; and Wdata, which centralizes financial and nonfinancial data from diverse sources into a cloud solution.
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