Atria Wealth Solutions Inc. Makes New Investment in Workiva Inc. (NYSE:WK)

Atria Wealth Solutions Inc. bought a new position in shares of Workiva Inc. (NYSE:WK) in the fourth quarter, HoldingsChannel reports. The firm bought 2,162 shares of the software maker’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Planning grew its holdings in shares of Workiva by 73.5% during the third quarter. Creative Planning now owns 11,929 shares of the software maker’s stock worth $944,000 after buying an additional 5,053 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Workiva by 6,373.4% during the third quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker’s stock worth $732,000 after buying an additional 9,114 shares in the last quarter. US Bancorp DE grew its holdings in shares of Workiva by 58.3% during the third quarter. US Bancorp DE now owns 23,431 shares of the software maker’s stock worth $1,854,000 after buying an additional 8,632 shares in the last quarter. Impax Asset Management Group plc grew 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 buying an additional 22,500 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Workiva by 4.3% during the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after buying an additional 19,095 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Stock Up 0.1 %

WK opened at $87.51 on Friday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The company has a 50 day moving average of $101.41 and a two-hundred day moving average of $91.03. The company has a market cap of $4.85 billion, a P/E ratio of -95.12 and a beta of 1.06.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WK. BMO Capital Markets lowered their price target on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup boosted their target price on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. 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 report on Friday, January 3rd. Finally, Robert W. Baird boosted their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Workiva has a consensus rating of “Moderate Buy” and an average target price of $121.57.

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.