Trust Point Inc. Has $1.56 Million Stock Position in Workiva Inc. (NYSE:WK)

Trust Point Inc. lessened its holdings in Workiva Inc. (NYSE:WK) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,248 shares of the software maker’s stock after selling 1,841 shares during the period. Trust Point Inc.’s holdings in Workiva were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Workiva during the third quarter worth $28,000. Quarry LP boosted its stake in Workiva by 57.8% in the second quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after acquiring an additional 166 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after purchasing an additional 116 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Workiva in the third quarter valued at approximately $168,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Workiva by 484.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the software maker’s stock worth $181,000 after purchasing an additional 2,054 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Workiva Trading Down 1.1 %

Shares of NYSE WK opened at $97.16 on Tuesday. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83. The stock has a 50 day moving average of $105.92 and a two-hundred day moving average of $88.74.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WK shares. Robert W. Baird increased 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 target price on shares of Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, December 16th. The Goldman Sachs Group lifted their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. 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 research report on Friday, January 3rd. Finally, BMO Capital Markets upped their price target on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.14.

About Workiva

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.