Barclays PLC increased its stake in shares of Workiva Inc (NYSE:WK) by 1,010.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 60,913 shares of the software maker’s stock after buying an additional 55,430 shares during the quarter. Barclays PLC’s holdings in Workiva were worth $1,443,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Workiva by 70.6% during the first quarter. The Manufacturers Life Insurance Company now owns 270,713 shares of the software maker’s stock worth $6,416,000 after purchasing an additional 112,032 shares during the period. Commonwealth Equity Services LLC bought a new position in Workiva during the first quarter valued at approximately $200,000. Citadel Advisors LLC raised its position in Workiva by 49.2% during the first quarter. Citadel Advisors LLC now owns 73,607 shares of the software maker’s stock valued at $1,744,000 after acquiring an additional 24,274 shares in the last quarter. Russell Investments Group Ltd. raised its position in Workiva by 114.3% during the first quarter. Russell Investments Group Ltd. now owns 7,500 shares of the software maker’s stock valued at $178,000 after acquiring an additional 4,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in Workiva during the first quarter valued at approximately $113,000. Institutional investors and hedge funds own 44.16% of the company’s stock.
In other news, major shareholder Jerome M. Behar sold 100,000 shares of Workiva stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $25.70, for a total value of $2,570,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 29.94% of the company’s stock.
WK has been the topic of several recent research reports. SunTrust Banks reaffirmed a “buy” rating and set a $28.00 price objective on shares of Workiva in a research report on Friday, February 23rd. TheStreet lowered shares of Workiva from a “c-” rating to a “d-” rating in a research report on Wednesday, May 23rd. Citigroup lowered shares of Workiva to a “market perform” rating in a research report on Friday, February 23rd. ValuEngine raised shares of Workiva from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Finally, Morgan Stanley raised their price objective on shares of Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, May 3rd. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.86.
Workiva opened at $25.35 on Friday, Marketbeat reports. Workiva Inc has a 12 month low of $18.35 and a 12 month high of $27.60. The company has a market capitalization of $1.10 billion, a PE ratio of -23.69 and a beta of 0.60. The company has a debt-to-equity ratio of -1.97, a quick ratio of 0.91 and a current ratio of 0.91.
Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, May 2nd. The software maker reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.10. The firm had revenue of $59.91 million during the quarter, compared to the consensus estimate of $57.62 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. analysts predict that Workiva Inc will post -1.32 earnings per share for the current fiscal year.
Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.
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