Knights of Columbus Asset Advisors LLC Sells 11,261 Shares of Workiva Inc. (NYSE:WK)

Knights of Columbus Asset Advisors LLC reduced its position in Workiva Inc. (NYSE:WK) by 35.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,163 shares of the software maker’s stock after selling 11,261 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Workiva were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Workiva by 8.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after acquiring an additional 116 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Workiva by 4.5% in the fourth quarter. Park Avenue Securities LLC now owns 4,561 shares of the software maker’s stock worth $499,000 after acquiring an additional 198 shares during the period. Arizona State Retirement System boosted its stake in shares of Workiva by 1.6% in the fourth quarter. Arizona State Retirement System now owns 14,170 shares of the software maker’s stock worth $1,552,000 after acquiring an additional 224 shares during the period. Twin Tree Management LP bought a new position in shares of Workiva in the fourth quarter worth about $25,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Workiva by 5.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,296 shares of the software maker’s stock worth $580,000 after acquiring an additional 267 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Price Performance

Shares of WK stock opened at $87.28 on Friday. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $116.83. The stock’s 50 day simple moving average is $94.33 and its two-hundred day simple moving average is $91.94. The company has a market cap of $4.90 billion, a PE ratio of -94.87 and a beta of 1.09.

Insider Buying and Selling at Workiva

In other Workiva news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the sale, the director now directly owns 34,084 shares in the company, valued at $3,023,250.80. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Brandon Ziegler sold 4,115 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $85.72, for a total value of $352,737.80. Following the sale, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock worth $1,807,333 over the last ninety days. Company insiders own 3.86% of the company’s stock.

Analyst Ratings Changes

WK has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their target price on Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Stephens started coverage on Workiva in a research report on Wednesday. They issued an “overweight” rating and a $111.00 target price on the stock. Citigroup boosted their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets decreased their target price on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.25.

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.