Harbor Capital Advisors Inc. Grows Position in Workiva Inc. (NYSE:WK)

Harbor Capital Advisors Inc. boosted its stake in shares of Workiva Inc. (NYSE:WK) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,060 shares of the software maker’s stock after purchasing an additional 537 shares during the period. Harbor Capital Advisors Inc.’s holdings in Workiva were worth $992,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Quest Partners LLC lifted its stake in shares of Workiva by 44,933.3% in the 2nd quarter. Quest Partners LLC now owns 2,702 shares of the software maker’s stock valued at $197,000 after purchasing an additional 2,696 shares in the last quarter. Headlands Technologies LLC lifted its position in Workiva by 896.0% during the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares in the last quarter. American Century Companies Inc. lifted its position in Workiva by 480.1% during the second quarter. American Century Companies Inc. now owns 14,933 shares of the software maker’s stock valued at $1,090,000 after buying an additional 12,359 shares in the last quarter. William Blair Investment Management LLC grew its stake in 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 during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Workiva by 3.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 82,680 shares of the software maker’s stock worth $6,035,000 after acquiring an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WK shares. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Friday, January 3rd. Citigroup upped their target price on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and raised their target price for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.33.

Workiva Stock Down 0.1 %

Shares of WK opened at $105.75 on Tuesday. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of -114.95 and a beta of 1.07. The business’s 50 day moving average is $101.72 and its two-hundred day moving average is $85.14. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83.

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.