Workiva Inc. (NYSE:WK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in Workiva Inc. (NYSE:WK) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,231 shares of the software maker’s stock after selling 607 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Workiva worth $3,201,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in Workiva in the fourth quarter worth $25,000. Johnson Financial Group Inc. purchased a new position in shares of Workiva in the 4th quarter valued at about $66,000. GeoWealth Management LLC lifted its stake in shares of Workiva by 3,010.0% in the fourth quarter. GeoWealth Management LLC now owns 622 shares of the software maker’s stock valued at $68,000 after purchasing an additional 602 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Workiva by 14,650.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after buying an additional 879 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position 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 buying an additional 116 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

Shares of NYSE WK opened at $67.80 on Friday. The firm has a market cap of $3.81 billion, a P/E ratio of -73.70 and a beta of 0.98. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $116.83. The firm’s 50 day moving average price is $75.41 and its 200 day moving average price is $90.16.

Workiva (NYSE:WK) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The business had revenue of $206.28 million during the quarter, compared to analysts’ expectations of $204.24 million. During the same period in the prior year, the firm earned $0.22 EPS. Workiva’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities analysts predict that Workiva Inc. will post -0.92 EPS for the current year.

Insider Transactions at Workiva

In other news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the transaction, the director now directly owns 34,084 shares of the company’s stock, valued at $3,023,250.80. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Brandon Ziegler sold 4,115 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the sale, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock worth $1,807,333 in the last three months. Company insiders own 3.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WK. The Goldman Sachs Group decreased their price target on Workiva from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets dropped their price target on Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Citigroup boosted their price objective on shares of Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on shares of Workiva from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Stephens initiated coverage on shares of Workiva in a report on Wednesday, March 19th. They issued an “overweight” rating and a $111.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.90.

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.