Vanguard Personalized Indexing Management LLC Has $320,000 Position in Workiva Inc. (NYSE:WK)

Vanguard Personalized Indexing Management LLC grew its stake in Workiva Inc. (NYSE:WK) by 23.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,378 shares of the software maker’s stock after purchasing an additional 830 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Workiva were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Wealth Alliance bought a new position in shares of Workiva during the second quarter worth approximately $202,000. Dimensional Fund Advisors LP grew its holdings in Workiva by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,868 shares of the software maker’s stock valued at $1,304,000 after buying an additional 259 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Workiva by 3.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the software maker’s stock worth $6,035,000 after buying an additional 3,043 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Workiva by 8.3% during the second quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker’s stock worth $27,578,000 after buying an additional 29,005 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Workiva by 480.1% in the second quarter. American Century Companies Inc. now owns 14,933 shares of the software maker’s stock valued at $1,090,000 after acquiring an additional 12,359 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

WK has been the subject of several analyst reports. Robert W. Baird dropped their price objective on shares of Workiva from $105.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, June 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $96.00 price target on shares of Workiva in a research report on Tuesday, June 11th. Northland Securities reduced their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Citigroup upped their target price on Workiva from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Workiva currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insiders Place Their Bets

In related news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 49,887 shares in the company, valued at approximately $3,721,570.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.86% of the company’s stock.

Workiva Price Performance

Shares of NYSE:WK opened at $80.48 on Friday. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -46.79 and a beta of 1.05. The company’s 50 day simple moving average is $75.74 and its 200 day simple moving average is $77.45.

Workiva (NYSE:WK) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $177.50 million during the quarter, compared to the consensus estimate of $175.22 million. During the same quarter last year, the firm posted ($0.36) EPS. The business’s revenue was up 14.5% on a year-over-year basis. As a group, analysts anticipate that Workiva Inc. will post -0.86 EPS 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.