MML Investors Services LLC Decreases Holdings in Workiva Inc. (NYSE:WK)

MML Investors Services LLC lowered its stake in shares of Workiva Inc. (NYSE:WK) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,383 shares of the software maker’s stock after selling 1,398 shares during the quarter. MML Investors Services LLC’s holdings in Workiva were worth $426,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Versor Investments LP purchased a new position in shares of Workiva during the 3rd quarter valued at $1,217,000. TimesSquare Capital Management LLC lifted its holdings in Workiva by 4.3% during the third quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock valued at $37,010,000 after purchasing an additional 19,095 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Workiva by 138.8% during the third quarter. Mutual of America Capital Management LLC now owns 54,059 shares of the software maker’s stock valued at $4,277,000 after purchasing an additional 31,421 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Workiva during the third quarter valued at about $641,000. Finally, Hsbc Holdings PLC increased its stake in shares of Workiva by 316.5% in the second quarter. Hsbc Holdings PLC now owns 14,304 shares of the software maker’s stock worth $1,045,000 after purchasing an additional 10,870 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

WK has been the topic of several research reports. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and boosted their price target for the company from $102.00 to $130.00 in a research report on Wednesday, December 18th. 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. Citigroup lifted their price target on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets boosted their price objective on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus price target of $117.40.

Workiva Price Performance

WK opened at $111.66 on Tuesday. The firm has a market capitalization of $6.18 billion, a P/E ratio of -121.37 and a beta of 1.09. Workiva Inc. has a one year low of $65.47 and a one year high of $116.83. The company has a fifty day moving average price of $93.16 and a 200-day moving average price of $81.45.

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.