Burney Co. Sells 2,229 Shares of Workiva Inc. (NYSE:WK)

Burney Co. decreased its stake in shares of Workiva Inc. (NYSE:WK) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the software maker’s stock after selling 2,229 shares during the period. Burney Co.’s holdings in Workiva were worth $266,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Versor Investments LP bought a new position in Workiva in the third quarter valued at $1,217,000. TimesSquare Capital Management LLC grew its position in Workiva by 4.3% in the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after purchasing an additional 19,095 shares in the last quarter. Nordea Investment Management AB bought a new position in Workiva in the fourth quarter valued at $59,894,000. Mutual of America Capital Management LLC grew its position in Workiva by 138.8% in the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock valued at $4,277,000 after purchasing an additional 31,421 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Workiva in the third quarter valued at $641,000. Institutional investors own 92.21% of the company’s stock.

Workiva Trading Down 1.5 %

Shares of NYSE:WK opened at $112.05 on Friday. The firm has a 50 day moving average of $104.08 and a 200-day moving average of $86.41. The stock has a market capitalization of $6.21 billion, a PE ratio of -121.79 and a beta of 1.07. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83.

Analyst Ratings Changes

A number of research analysts recently weighed in on WK shares. Citigroup raised their target price on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. 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 report on Friday, December 13th. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.14.

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.