Janus Henderson Group PLC Has $16.92 Million Position in Workiva Inc. (NYSE:WK)

Janus Henderson Group PLC grew its position in shares of Workiva Inc. (NYSE:WK) by 839.8% during the third quarter, HoldingsChannel.com reports. The firm owned 213,831 shares of the software maker’s stock after purchasing an additional 191,078 shares during the period. Janus Henderson Group PLC’s holdings in Workiva were worth $16,919,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Workiva during the 3rd quarter worth approximately $28,000. Quarry LP lifted its holdings in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Workiva in the second quarter worth $62,000. Headlands Technologies LLC increased its holdings in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after purchasing an additional 1,577 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in Workiva by 8.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock worth $171,000 after purchasing an additional 179 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Workiva Price Performance

Shares of NYSE:WK opened at $102.86 on Friday. The business’s 50-day moving average is $86.75 and its 200-day moving average is $79.17. Workiva Inc. has a 1 year low of $65.47 and a 1 year high of $105.00. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of -111.80 and a beta of 1.09.

Analyst Ratings Changes

WK has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus raised their price target on shares of Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.20.

Insider Buying and Selling at Workiva

In other Workiva news, EVP Michael D. Hawkins sold 2,761 shares of Workiva stock in a transaction on 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 sale, the executive vice president now directly owns 49,887 shares of the company’s stock, valued at approximately $3,721,570.20. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.86% of the company’s stock.

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.