HighTower Advisors LLC Has $1.81 Million Stock Holdings in Workiva Inc. (NYSE:WK)

HighTower Advisors LLC lowered its position in shares of Workiva Inc. (NYSE:WK) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,778 shares of the software maker’s stock after selling 1,657 shares during the quarter. HighTower Advisors LLC’s holdings in Workiva were worth $1,807,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Workiva by 2.0% during the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock worth $498,000 after purchasing an additional 137 shares during the last quarter. Quarry LP grew its holdings in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after acquiring an additional 166 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Workiva by 8.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after acquiring an additional 179 shares in the last quarter. Xponance Inc. raised its stake in shares of Workiva by 6.0% in the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock worth $233,000 after acquiring an additional 182 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Workiva by 3.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock worth $358,000 after purchasing an additional 183 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

WK has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets raised their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.20.

Workiva Stock Down 0.4 %

WK stock opened at $103.87 on Friday. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $106.03. The business’s fifty day moving average is $89.29 and its 200-day moving average is $79.99. The company has a market cap of $5.75 billion, a P/E ratio of -112.90 and a beta of 1.09.

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.