Stifel Nicolaus Lowers Workiva (NYSE:WK) Price Target to $120.00

Workiva (NYSE:WK) had its price target reduced by Stifel Nicolaus from $130.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

A number of other research firms also recently weighed in on WK. Citigroup raised their price target on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets raised 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 lifted their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Workiva presently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Trading Up 7.3 %

NYSE WK opened at $89.61 on Wednesday. Workiva has a 1-year low of $65.47 and a 1-year high of $116.83. The firm’s fifty day simple moving average is $102.42 and its 200-day simple moving average is $90.85. The company has a market capitalization of $4.96 billion, a PE ratio of -97.40 and a beta of 1.06.

Institutional Trading of Workiva

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Workiva during the 4th quarter worth $59,676,000. Nordea Investment Management AB bought a new position in shares of Workiva in the fourth quarter worth about $59,894,000. Groupama Asset Managment acquired a new position in shares of Workiva during the 3rd quarter worth about $381,000. Arrowstreet Capital Limited Partnership bought a new stake in Workiva during the 4th quarter valued at approximately $51,353,000. Finally, Point72 Asset Management L.P. acquired a new stake in Workiva in the 4th quarter valued at approximately $32,863,000. 92.21% of the stock is owned by institutional investors.

Workiva Company 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.