Ingalls & Snyder LLC Grows Position in Workiva Inc. (NYSE:WK)

Ingalls & Snyder LLC boosted its holdings in Workiva Inc. (NYSE:WK) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,819 shares of the software maker’s stock after buying an additional 2,466 shares during the quarter. Ingalls & Snyder LLC owned approximately 0.13% of Workiva worth $7,974,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WK. V Square Quantitative Management LLC purchased a new stake in shares of Workiva in the third quarter valued at about $28,000. Nisa Investment Advisors LLC grew its stake in shares of Workiva by 8.7% in the 4th 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 last quarter. Sanctuary Advisors LLC acquired a new stake in Workiva in the third quarter valued at about $168,000. Quantinno Capital Management LP acquired a new stake in shares of Workiva in the 3rd quarter valued at approximately $207,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Workiva in the 4th quarter valued at approximately $219,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

Shares of WK stock opened at $91.10 on Thursday. The firm has a 50-day moving average price of $105.86 and a 200 day moving average price of $89.84. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83.

Analysts Set New Price Targets

Several brokerages recently commented on WK. Citigroup raised their price objective on shares of Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Robert W. Baird lifted their price objective on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets lifted their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.14.

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.