Candriam Luxembourg S.C.A. purchased a new stake in shares of Workiva Inc (NYSE:WK) in the second quarter, HoldingsChannel reports. The institutional investor purchased 8,970 shares of the software maker’s stock, valued at approximately $480,000.

Several other institutional investors have also recently added to or reduced their stakes in WK. FMR LLC bought a new stake in shares of Workiva during the 1st quarter valued at about $2,535,000. Victory Capital Management Inc. grew its stake in shares of Workiva by 50.8% during the 4th quarter. Victory Capital Management Inc. now owns 10,366 shares of the software maker’s stock valued at $436,000 after purchasing an additional 3,492 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Workiva by 30.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 218,737 shares of the software maker’s stock valued at $9,198,000 after buying an additional 50,599 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Workiva by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 174,654 shares of the software maker’s stock valued at $7,344,000 after buying an additional 3,470 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Workiva by 9.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 34,393 shares of the software maker’s stock valued at $1,446,000 after buying an additional 3,079 shares in the last quarter. Institutional investors and hedge funds own 61.11% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Workiva from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. SunTrust Banks lowered their price objective on Workiva from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Northland Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of Workiva in a research report on Friday, May 1st. Goldman Sachs Group lifted their price objective on Workiva from $41.00 to $52.00 in a research report on Monday, June 29th. Finally, Robert W. Baird set a $65.00 price target on Workiva and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.00.

In other news, Director Michael M. Crow sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $40.56, for a total transaction of $405,600.00. Following the sale, the director now directly owns 24,889 shares of the company’s stock, valued at approximately $1,009,497.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.95% of the stock is owned by corporate insiders.

NYSE WK opened at $55.90 on Friday. The stock’s 50 day moving average is $52.90 and its 200 day moving average is $43.24. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 4.57. Workiva Inc has a 12 month low of $22.01 and a 12 month high of $64.11. The stock has a market cap of $2.62 billion, a PE ratio of -51.28 and a beta of 1.26.

Workiva (NYSE:WK) last posted its quarterly earnings results on Thursday, April 30th. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.18. The company had revenue of $85.80 million for the quarter, compared to analysts’ expectations of $82.32 million. Workiva had a negative return on equity of 85.23% and a negative net margin of 16.33%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, analysts forecast that Workiva Inc will post -1.36 EPS for the current fiscal year.

Workiva Company Profile

Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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