King Luther Capital Management Corp Acquires 2,079 Shares of Workiva Inc. (NYSE:WK)

King Luther Capital Management Corp boosted its holdings in shares of Workiva Inc. (NYSE:WK) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,580 shares of the software maker’s stock after buying an additional 2,079 shares during the quarter. King Luther Capital Management Corp’s holdings in Workiva were worth $5,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WK. State Board of Administration of Florida Retirement System grew its position in shares of Workiva by 9.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,260 shares of the software maker’s stock valued at $1,294,000 after acquiring an additional 1,290 shares during the period. Vanguard Group Inc. grew its holdings in Workiva by 3.6% during the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock valued at $439,767,000 after purchasing an additional 181,520 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Workiva by 15.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 76,702 shares of the software maker’s stock worth $6,502,000 after buying an additional 10,380 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Workiva in the first quarter worth about $40,000. Finally, Dynasty Wealth Management LLC purchased a new position in shares of Workiva during the 1st quarter valued at about $226,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Workiva Trading Up 2.5 %

Shares of WK opened at $94.53 on Friday. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00. The company has a 50-day moving average of $82.16 and a 200 day moving average of $78.02.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now directly owns 49,887 shares in the company, valued at $3,721,570.20. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Workiva from $94.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Northland Securities lowered their target price on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets upped their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com cut Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.20.

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.