Workiva (NYSE:WK) Given New $120.00 Price Target at Stifel Nicolaus

Workiva (NYSE:WK) had its price objective cut by equities researchers at Stifel Nicolaus from $130.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 33.96% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Raymond James upgraded shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. BMO Capital Markets lifted their target price 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. Robert W. Baird increased their price target on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup upped their target price on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group increased their target price on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.71.

Workiva Stock Up 7.3 %

NYSE WK opened at $89.58 on Wednesday. Workiva has a fifty-two week low of $65.47 and a fifty-two week high of $116.83. The business has a fifty day moving average of $102.83 and a 200-day moving average of $90.86. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of -96.45 and a beta of 1.06.

Institutional Investors Weigh In On Workiva

A number of large investors have recently modified their holdings of WK. Creative Planning grew its stake in Workiva by 73.5% in the third quarter. Creative Planning now owns 11,929 shares of the software maker’s stock worth $944,000 after purchasing an additional 5,053 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Workiva by 6,373.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker’s stock valued at $732,000 after acquiring an additional 9,114 shares during the last quarter. US Bancorp DE raised its position in shares of Workiva by 58.3% during the 3rd quarter. US Bancorp DE now owns 23,431 shares of the software maker’s stock valued at $1,854,000 after acquiring an additional 8,632 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Workiva by 16.5% during the third quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock worth $12,547,000 after purchasing an additional 22,500 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after purchasing an additional 19,095 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.