Knights of Columbus Asset Advisors LLC Trims Stock Holdings in Workiva Inc. (NYSE:WK)

Knights of Columbus Asset Advisors LLC trimmed its holdings in Workiva Inc. (NYSE:WK) by 35.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,163 shares of the software maker’s stock after selling 11,261 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Workiva were worth $2,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Workiva in the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its stake in Workiva by 14,650.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock worth $97,000 after purchasing an additional 879 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Workiva in the third quarter worth approximately $168,000. Finally, Quantinno Capital Management LP bought a new stake in Workiva during the 3rd quarter valued at $207,000. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WK shares. Citigroup increased their target price on Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Robert W. Baird increased their target price on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus dropped their target price on Workiva from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Stephens started coverage on Workiva in a research report on Wednesday. They set an “overweight” rating and a $111.00 target price on the stock. Finally, BMO Capital Markets dropped their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

Workiva Trading Down 1.0 %

Shares of WK opened at $87.28 on Friday. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The stock has a fifty day moving average price of $94.33 and a 200-day moving average price of $91.94. The firm has a market cap of $4.90 billion, a PE ratio of -94.87 and a beta of 1.09.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares in the company, valued at $3,023,250.80. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael D. Hawkins sold 10,421 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the transaction, the executive vice president now owns 61,298 shares of the company’s stock, valued at $5,236,688.14. This trade represents a 14.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,129 shares of company stock worth $1,807,333. Insiders own 3.86% of the company’s stock.

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.