Impax Asset Management Group plc Raises Stake in Workiva Inc. (NYSE:WK)

Impax Asset Management Group plc boosted its stake in Workiva Inc. (NYSE:WK) 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

Shares of WK opened at $91.28 on Friday. Workiva Inc. has a fifty-two week low of $65.47 and a fifty-two week high of $105.00. The firm has a 50 day moving average price of $80.52 and a 200-day moving average price of $77.69.

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.

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.