State of New Jersey Common Pension Fund D Purchases 664 Shares of Workiva Inc. (NYSE:WK)

State of New Jersey Common Pension Fund D lifted its position in Workiva Inc. (NYSE:WK) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,656 shares of the software maker’s stock after buying an additional 664 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Workiva were worth $1,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Workiva by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,185,929 shares of the software maker’s stock worth $439,767,000 after acquiring an additional 181,520 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Workiva by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 1,188,445 shares of the software maker’s stock worth $86,745,000 after acquiring an additional 32,230 shares in the last quarter. TimesSquare Capital Management LLC grew its position in Workiva by 4.3% in the third 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. Bank of New York Mellon Corp grew its position in Workiva by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 392,951 shares of the software maker’s stock worth $28,682,000 after acquiring an additional 49,222 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Workiva by 8.3% during the second quarter. William Blair Investment Management LLC now owns 377,832 shares of the software maker’s stock valued at $27,578,000 after buying an additional 29,005 shares during the period. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at $3,721,570.20. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.86% of the stock is owned by insiders.

Analyst Ratings Changes

WK has been the subject of several analyst reports. Robert W. Baird upped their price target 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. Northland Securities cut their price target on shares of Workiva from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets upped their price target 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. Stifel Nicolaus upped their price target on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of Workiva from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.20.

Workiva Trading Down 2.1 %

Workiva stock opened at $91.28 on Monday. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00. The firm has a market cap of $5.04 billion, a P/E ratio of -99.22 and a beta of 1.05. The firm has a 50-day moving average of $80.52 and a 200-day moving average of $77.67.

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.