Impax Asset Management Group plc Raises Stock Position in Workiva Inc. (NYSE:WK)

Impax Asset Management Group plc raised its stake in shares of Workiva Inc. (NYSE:WK) by 16.5% during the third quarter, Holdings Channel reports. The firm owned 158,586 shares of the software maker’s stock after buying an additional 22,500 shares during the quarter. Impax Asset Management Group plc’s holdings in Workiva were worth $12,547,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WK. Champlain Investment Partners LLC grew its position in shares of Workiva by 58.2% in the 1st quarter. Champlain Investment Partners LLC now owns 1,340,114 shares of the software maker’s stock worth $113,642,000 after buying an additional 492,945 shares during the period. Swedbank AB purchased a new stake in shares of Workiva in the 1st quarter worth about $16,180,000. Vanguard Group Inc. grew its position in shares of Workiva by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after buying an additional 181,520 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Workiva by 435.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock worth $11,503,000 after buying an additional 118,234 shares during the period. Finally, Kopp LeRoy C purchased a new stake in shares of Workiva in the 1st quarter worth about $6,481,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the transaction, the executive vice president now owns 49,887 shares in the company, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.86% of the company’s stock.

Workiva Stock Performance

WK opened at $91.28 on Friday. The company’s 50-day simple moving average is $80.52 and its two-hundred day simple moving average is $77.69. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $105.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WK. Stifel Nicolaus upped their target price on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective on shares of 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 increased their price objective on shares of Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Workiva from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Northland Securities cut their price objective on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Workiva has a consensus rating of “Moderate Buy” and a consensus 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.