US Bancorp DE Sells 1,247 Shares of Workiva Inc. (NYSE:WK)

US Bancorp DE decreased its holdings in shares of Workiva Inc. (NYSE:WK) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,184 shares of the software maker’s stock after selling 1,247 shares during the period. US Bancorp DE’s holdings in Workiva were worth $2,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares during the period. Sanctuary Advisors LLC bought a new position in Workiva during the third quarter worth about $168,000. Quantinno Capital Management LP bought a new position in Workiva during the third quarter worth about $207,000. Truist Financial Corp bought a new position in shares of Workiva in the fourth quarter valued at approximately $211,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Workiva in the fourth quarter valued at approximately $219,000. Institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of Workiva stock opened at $86.99 on Friday. The firm has a market cap of $4.82 billion, a P/E ratio of -94.55 and a beta of 1.09. The firm has a 50 day simple moving average of $99.91 and a 200 day simple moving average of $91.22. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $116.83.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WK. Robert W. Baird lifted their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets cut their target price on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Citigroup lifted their target price on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.57.

Workiva 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.