Janney Montgomery Scott LLC Has $2.11 Million Holdings in Workiva Inc. (NYSE:WK)

Janney Montgomery Scott LLC trimmed its position in shares of Workiva Inc. (NYSE:WK) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,225 shares of the software maker’s stock after selling 373 shares during the period. Janney Montgomery Scott LLC’s holdings in Workiva were worth $2,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC acquired a new stake in shares of Workiva in the third quarter valued at approximately $28,000. Quarry LP raised its stake in Workiva by 57.8% in the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Workiva during the 3rd quarter valued at $168,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Workiva by 484.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the software maker’s stock worth $181,000 after purchasing an additional 2,054 shares during the period. 92.21% of the stock is owned by institutional investors.

Workiva Trading Down 0.9 %

NYSE WK opened at $98.24 on Friday. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -106.78 and a beta of 1.07. The company has a 50 day moving average of $105.95 and a 200-day moving average of $88.47. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83.

Wall Street Analyst Weigh In

Several equities analysts have 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 objective on the stock in a research report on Friday, January 3rd. Robert W. Baird increased their price target on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $102.00 to $130.00 in a report on Wednesday, December 18th. BMO Capital Markets upped 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. Finally, Citigroup lifted their price target on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.14.

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.