Mutual of America Capital Management LLC Purchases 31,421 Shares of Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC lifted its position in shares of Workiva Inc. (NYSE:WK) by 138.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,059 shares of the software maker’s stock after buying an additional 31,421 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Workiva worth $4,277,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock valued at $498,000 after acquiring an additional 137 shares in the last quarter. Quarry LP boosted its holdings in shares of Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after purchasing an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Workiva by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after purchasing an additional 179 shares in the last quarter. Xponance Inc. lifted its position in shares of Workiva by 6.0% in the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after buying an additional 182 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Workiva by 3.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

WK has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Robert W. Baird boosted their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Northland Securities dropped their price target on Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their price objective on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Workiva presently has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Insider Transactions at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the firm’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 transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.86% of the company’s stock.

Workiva Price Performance

Workiva stock opened at $94.53 on Friday. The firm has a market capitalization of $5.24 billion, a P/E ratio of -102.75 and a beta of 1.05. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00. The company’s 50-day moving average is $82.16 and its 200 day moving average is $78.02.

About Workiva

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.