Impax Asset Management Group plc boosted its stake in Workiva Inc. (NYSE:WK – Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,586 shares of the software maker’s stock after purchasing an additional 22,500 shares during the quarter. Impax Asset Management Group plc owned approximately 0.29% of Workiva worth $12,547,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after acquiring an additional 137 shares in the last quarter. Quarry LP grew its position in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after purchasing an additional 166 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Workiva by 8.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after purchasing an additional 179 shares during the period. Xponance Inc. raised its position in shares of Workiva by 6.0% in the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after buying an additional 182 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Workiva by 3.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after buying an additional 183 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Insider Transactions at Workiva
In related news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.86% of the company’s stock.
Workiva Stock Performance
Wall Street Analysts Forecast Growth
WK has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Northland Securities dropped their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $103.20.
View Our Latest Stock Analysis on WK
About Workiva
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.
Featured Stories
- Five stocks we like better than Workiva
- How to Calculate Stock Profit
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- Most Volatile Stocks, What Investors Need to Know
- Top-Performing Non-Leveraged ETFs This Year
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for Workiva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workiva and related companies with MarketBeat.com's FREE daily email newsletter.