Orser Capital Management LLC Has $5.88 Million Stock Holdings in Workiva Inc. (NYSE:WK)

Orser Capital Management LLC decreased its position in Workiva Inc. (NYSE:WK) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,658 shares of the software maker’s stock after selling 1,250 shares during the quarter. Workiva comprises 4.4% of Orser Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Orser Capital Management LLC’s holdings in Workiva were worth $5,876,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WK. V Square Quantitative Management LLC bought a new position in shares of Workiva in the 3rd quarter valued at about $28,000. Quarry LP raised its position in Workiva by 57.8% during the second 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 period. Point72 Hong Kong Ltd bought a new stake in shares of Workiva in the 2nd quarter valued at approximately $62,000. Sanctuary Advisors LLC purchased a new position in shares of Workiva in the 3rd quarter worth approximately $168,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after purchasing an additional 179 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Trading Up 3.8 %

Shares of WK opened at $114.17 on Thursday. The company has a 50-day moving average of $103.29 and a 200 day moving average of $85.83. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $116.83.

Analyst Ratings Changes

Several research firms recently weighed in on WK. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and increased their price target for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Friday, January 3rd. Robert W. Baird lifted their price target on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price target on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.14.

Workiva Company 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.