Loomis Sayles & Co. L P Increases Stock Position in Workiva Inc. (NYSE:WK)

Loomis Sayles & Co. L P grew its position in Workiva Inc. (NYSE:WK) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 814,582 shares of the software maker’s stock after acquiring an additional 86,207 shares during the period. Loomis Sayles & Co. L P owned about 1.47% of Workiva worth $89,197,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WK. Twin Tree Management LP purchased a new position in shares of Workiva during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in Workiva by 14,650.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after purchasing an additional 879 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Workiva by 8.7% in the fourth 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 period. Sanctuary Advisors LLC purchased a new stake in shares of Workiva during the third quarter worth about $168,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Workiva during the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Workiva

In related news, CAO Brandon Ziegler sold 4,115 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total transaction of $352,737.80. Following the completion of the sale, the chief accounting officer now directly owns 103,509 shares of the company’s stock, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $88.70, for a total transaction of $88,700.00. Following the completion of the sale, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,129 shares of company stock worth $1,807,333 in the last 90 days. Insiders own 3.86% of the company’s stock.

Workiva Price Performance

Shares of WK stock opened at $83.46 on Thursday. The company has a market capitalization of $4.68 billion, a PE ratio of -90.72 and a beta of 1.09. The firm’s 50-day moving average is $92.88 and its two-hundred day moving average is $92.19. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83.

Analyst Upgrades and Downgrades

WK has been the subject of several research reports. Stifel Nicolaus cut their price objective on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird increased their price objective on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. Finally, Stephens started coverage on shares of Workiva in a research report on Wednesday, March 19th. They set an “overweight” rating and a $111.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.25.

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.