Workiva (NYSE:WK) Given New $120.00 Price Target at Stifel Nicolaus

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

A number of other research analysts have also issued reports on WK. Citigroup boosted their price target on Workiva from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. 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 report on Friday, January 3rd. Robert W. Baird increased their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, 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 report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Trading Up 7.3 %

WK opened at $89.61 on Wednesday. The business’s 50 day moving average is $102.42 and its 200-day moving average is $90.85. The stock has a market cap of $4.96 billion, a PE ratio of -97.40 and a beta of 1.06. Workiva has a twelve month low of $65.47 and a twelve month high of $116.83.

Institutional Trading of Workiva

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of Workiva by 73.5% during the 3rd quarter. Creative Planning now owns 11,929 shares of the software maker’s stock worth $944,000 after acquiring an additional 5,053 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Workiva by 6,373.4% in the third quarter. International Assets Investment Management LLC now owns 9,257 shares of the software maker’s stock valued at $732,000 after purchasing an additional 9,114 shares in the last quarter. US Bancorp DE grew its holdings in shares of Workiva by 58.3% during the third quarter. US Bancorp DE now owns 23,431 shares of the software maker’s stock valued at $1,854,000 after buying an additional 8,632 shares in the last quarter. Impax Asset Management Group plc raised its position in Workiva by 16.5% during the third quarter. Impax Asset Management Group plc now owns 158,586 shares of the software maker’s stock valued at $12,547,000 after buying an additional 22,500 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in Workiva by 4.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 467,769 shares of the software maker’s stock worth $37,010,000 after acquiring an additional 19,095 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

About Workiva

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.