State of New Jersey Common Pension Fund D Buys 664 Shares of Workiva Inc. (NYSE:WK)

State of New Jersey Common Pension Fund D raised its stake in shares of Workiva Inc. (NYSE:WK) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,656 shares of the software maker’s stock after purchasing an additional 664 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Workiva were worth $1,951,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Workiva in the 3rd quarter worth about $28,000. Quarry LP raised its position in shares of Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after acquiring an additional 166 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Workiva in the 1st quarter worth about $40,000. Point72 Hong Kong Ltd bought a new position in shares of Workiva in the 2nd quarter worth about $62,000. Finally, Headlands Technologies LLC raised its position in shares of Workiva by 896.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on WK shares. Robert W. Baird boosted their target price on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Northland Securities decreased their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, BMO Capital Markets boosted their target price on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at $3,721,570.20. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.86% of the company’s stock.

Workiva Trading Down 2.1 %

NYSE:WK opened at $91.28 on Monday. The stock has a market capitalization of $5.04 billion, a PE ratio of -99.22 and a beta of 1.05. The firm’s 50 day moving average is $80.52 and its 200 day moving average is $77.67. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $105.00.

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.