Loomis Sayles & Co. L P Acquires 86,746 Shares of Workiva Inc. (NYSE:WK)

Loomis Sayles & Co. L P boosted its holdings in Workiva Inc. (NYSE:WK) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 728,375 shares of the software maker’s stock after purchasing an additional 86,746 shares during the period. Loomis Sayles & Co. L P’s holdings in Workiva were worth $57,629,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in shares of Workiva by 2.0% in the second quarter. Principal Financial Group Inc. now owns 6,823 shares of the software maker’s stock worth $498,000 after purchasing an additional 137 shares during the last quarter. Quarry LP boosted its position in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock valued at $33,000 after buying an additional 166 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings 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 worth $171,000 after acquiring an additional 179 shares during the last quarter. Xponance Inc. increased its position in shares of Workiva by 6.0% in the second quarter. Xponance Inc. now owns 3,195 shares of the software maker’s stock valued at $233,000 after acquiring an additional 182 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Workiva by 3.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,910 shares of the software maker’s stock valued at $358,000 after acquiring an additional 183 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Workiva

In related news, EVP Michael D. Hawkins sold 2,761 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.86% of the stock is currently owned by insiders.

Workiva Stock Performance

Shares of NYSE:WK opened at $95.62 on Monday. The business has a fifty day moving average price of $82.57 and a 200-day moving average price of $78.07. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00.

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.