Workiva (NYSE:WK) Upgraded at Raymond James

Raymond James upgraded shares of Workiva (NYSE:WK) from a market perform rating to an outperform rating in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has $135.00 price target on the software maker’s stock.

Other research analysts have also issued reports about the stock. Robert W. Baird boosted their price objective on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets boosted their price target on Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup raised their price objective on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and lifted their target price for the stock from $102.00 to $130.00 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.33.

Workiva Trading Up 2.3 %

Shares of WK opened at $111.35 on Friday. The company’s fifty day simple moving average is $98.68 and its 200 day simple moving average is $83.82. Workiva has a 1-year low of $65.47 and a 1-year high of $116.83. The company has a market cap of $6.17 billion, a price-to-earnings ratio of -121.03 and a beta of 1.07.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WK. Groupama Asset Managment acquired a new position in shares of Workiva in the third quarter valued at about $381,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Workiva during the 3rd quarter worth approximately $18,000,000. Janus Henderson Group PLC increased its holdings in shares of Workiva by 839.8% during the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker’s stock worth $16,919,000 after purchasing an additional 191,078 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Workiva by 435.5% during the third quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker’s stock worth $11,503,000 after purchasing an additional 118,234 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of Workiva by 13.5% in the third quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after buying an additional 86,746 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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.