Picton Mahoney Asset Management Grows Stock Holdings in Workiva Inc. (NYSE:WK)

Picton Mahoney Asset Management grew its holdings in shares of Workiva Inc. (NYSE:WK) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,515 shares of the software maker’s stock after buying an additional 845 shares during the quarter. Picton Mahoney Asset Management’s holdings in Workiva were worth $2,488,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WK. Benjamin F. Edwards & Company Inc. acquired a new stake in Workiva in the fourth quarter valued at approximately $213,000. Summit Global Investments lifted its holdings in Workiva by 21.0% in the 4th quarter. Summit Global Investments now owns 2,903 shares of the software maker’s stock worth $295,000 after buying an additional 503 shares in the last quarter. Natixis Advisors L.P. boosted its position in Workiva by 6.1% in the 4th quarter. Natixis Advisors L.P. now owns 183,706 shares of the software maker’s stock valued at $18,651,000 after buying an additional 10,481 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Workiva by 24.2% during the fourth quarter. Victory Capital Management Inc. now owns 6,458 shares of the software maker’s stock valued at $656,000 after acquiring an additional 1,257 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Workiva during the fourth quarter worth about $996,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Performance

Shares of NYSE WK traded down $1.91 during midday trading on Wednesday, hitting $80.15. The company’s stock had a trading volume of 235,428 shares, compared to its average volume of 375,753. Workiva Inc. has a 1-year low of $76.63 and a 1-year high of $116.00. The firm’s fifty day moving average price is $82.13 and its 200-day moving average price is $90.21. The firm has a market cap of $4.39 billion, a P/E ratio of -46.60 and a beta of 1.04.

Workiva (NYSE:WK) last posted its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.10. The business had revenue of $166.65 million during the quarter, compared to analyst estimates of $164.44 million. As a group, research analysts predict that Workiva Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on WK. William Blair restated an “outperform” rating on shares of Workiva in a research note on Friday, May 3rd. Stifel Nicolaus cut their price target on shares of Workiva from $92.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. Citigroup decreased their price objective on shares of Workiva from $110.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, BMO Capital Markets dropped their target price on shares of Workiva from $123.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $111.86.

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.