Workiva (NYSE:WK) Given New $130.00 Price Target at Robert W. Baird

Workiva (NYSE:WK) had its price objective raised by Robert W. Baird from $110.00 to $130.00 in a report released on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus increased their price objective on Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, November 7th. BMO Capital Markets increased their price target on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.20.

Workiva Price Performance

NYSE:WK opened at $103.87 on Friday. Workiva has a 12 month low of $65.47 and a 12 month high of $106.03. The firm has a market capitalization of $5.75 billion, a PE ratio of -112.90 and a beta of 1.09. The business’s fifty day moving average price is $89.29 and its 200 day moving average price is $80.01.

Hedge Funds Weigh In On Workiva

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

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.