Los Angeles Capital Management LLC Has $1.86 Million Position in Workiva Inc. (NYSE:WK)

Los Angeles Capital Management LLC increased its holdings in shares of Workiva Inc. (NYSE:WK) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,999 shares of the software maker’s stock after buying an additional 890 shares during the period. Los Angeles Capital Management LLC’s holdings in Workiva were worth $1,861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after buying an additional 116 shares during the period. Truist Financial Corp bought a new stake in Workiva in the fourth quarter valued at approximately $211,000. Heartwood Wealth Advisors LLC acquired a new stake in Workiva during the 4th quarter valued at approximately $219,000. Abacus Planning Group Inc. bought a new position in Workiva during the 4th quarter worth approximately $222,000. Finally, Legato Capital Management LLC acquired a new position in shares of Workiva in the 4th quarter worth approximately $226,000. 92.21% of the stock is owned by institutional investors.

Workiva Price Performance

Shares of WK opened at $87.51 on Friday. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83. The company has a market cap of $4.85 billion, a PE ratio of -95.12 and a beta of 1.06. The stock has a 50-day moving average of $101.95 and a 200-day moving average of $90.83.

Wall Street Analyst Weigh In

WK has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets decreased their price target on Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a report on Wednesday. The Goldman Sachs Group lifted their price objective on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Stifel Nicolaus cut their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup lifted their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.57.

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.