Workiva Inc. (NYSE:WK) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its stake in Workiva Inc. (NYSE:WK) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,416 shares of the software maker’s stock after purchasing an additional 146 shares during the period. Parkside Financial Bank & Trust’s holdings in Workiva were worth $245,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Workiva in the 3rd quarter valued at $54,000. SG Americas Securities LLC purchased a new stake in Workiva during the 4th quarter worth $107,000. GPS Wealth Strategies Group LLC increased its stake in Workiva by 19.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker’s stock worth $109,000 after buying an additional 175 shares during the period. Vinva Investment Management Ltd purchased a new stake in Workiva during the 3rd quarter worth $162,000. Finally, SRS Capital Advisors Inc. increased its stake in Workiva by 261.3% during the 3rd 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. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets dropped their price target on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.63.

Insider Activity

In other Workiva news, EVP Michael D. Hawkins sold 11,439 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $93.62, for a total transaction of $1,070,919.18. Following the completion of the transaction, the executive vice president now directly owns 62,453 shares of the company’s stock, valued at approximately $5,846,849.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.71% of the company’s stock.

Workiva Stock Performance

Shares of NYSE WK traded down $0.06 during midday trading on Wednesday, hitting $80.23. The company’s stock had a trading volume of 63,693 shares, compared to its average volume of 379,118. Workiva Inc. has a 1-year low of $76.63 and a 1-year high of $116.00. The firm’s fifty day moving average price is $84.13 and its 200-day moving average price is $91.76. The firm has a market cap of $4.39 billion, a P/E ratio of -33.89 and a beta of 1.03.

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

Workiva 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.