Charles Schwab Investment Management Inc. Acquires 6,422 Shares of Workiva Inc. (NYSE:WK)

Charles Schwab Investment Management Inc. grew its holdings in Workiva Inc. (NYSE:WK) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 423,782 shares of the software maker’s stock after purchasing an additional 6,422 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Workiva were worth $33,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versor Investments LP acquired a new stake in shares of Workiva during the 3rd quarter valued at $1,217,000. TimesSquare Capital Management LLC lifted its holdings in Workiva by 4.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after buying an additional 19,095 shares during the period. Cetera Investment Advisers acquired a new position in Workiva during the 1st quarter worth about $1,629,000. Mutual of America Capital Management LLC lifted its holdings in Workiva by 138.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock worth $4,277,000 after buying an additional 31,421 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Workiva during the 3rd quarter worth about $641,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BMO Capital Markets lifted their target price on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on Workiva from $85.00 to $102.00 and gave the company a “hold” 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. According to data from MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Insider Activity at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction on Friday, September 13th. The stock was 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 in the company, valued at $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.86% of the stock is owned by company insiders.

Workiva Stock Performance

Shares of NYSE WK opened at $98.22 on Wednesday. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $105.00. The stock’s 50 day moving average price is $84.98 and its 200-day moving average price is $78.67.

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.