New York State Common Retirement Fund Acquires 45,334 Shares of Workiva Inc. (NYSE:WK)

New York State Common Retirement Fund boosted its holdings in shares of Workiva Inc. (NYSE:WK) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,684 shares of the software maker’s stock after buying an additional 45,334 shares during the quarter. New York State Common Retirement Fund owned approximately 0.82% of Workiva worth $44,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Workiva in the 3rd quarter valued at $54,000. SG Americas Securities LLC acquired a new stake in Workiva during the fourth quarter worth $107,000. GPS Wealth Strategies Group LLC lifted its position in Workiva by 19.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker’s stock valued at $109,000 after buying an additional 175 shares during the last quarter. Vinva Investment Management Ltd acquired a new position in shares of Workiva in the 3rd quarter worth approximately $162,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Workiva by 261.3% during the third quarter. SRS Capital Advisors Inc. now owns 2,117 shares of the software maker’s stock worth $215,000 after buying an additional 1,531 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

NYSE WK opened at $80.07 on Thursday. Workiva Inc. has a 12 month low of $76.63 and a 12 month high of $116.00. The company has a 50-day moving average of $83.95 and a 200-day moving average of $91.62. The company has a market cap of $4.38 billion, a P/E ratio of -33.78 and a beta of 1.03.

Workiva (NYSE:WK) last posted its earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analyst estimates of $164.44 million. As a group, equities research analysts anticipate that Workiva Inc. will post -0.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup dropped their price objective on shares of Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets dropped their price target on Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus dropped their target price on Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.63.

Insiders Place Their Bets

In related news, EVP Michael D. Hawkins sold 11,439 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the sale, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $5,846,849.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.71% of the stock is currently owned by insiders.

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.