EverSource Wealth Advisors LLC Grows Stake in Workiva Inc. (NYSE:WK)

EverSource Wealth Advisors LLC grew its holdings in shares of Workiva Inc. (NYSE:WK) by 14,650.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 885 shares of the software maker’s stock after purchasing an additional 879 shares during the period. EverSource Wealth Advisors LLC’s holdings in Workiva were worth $97,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in Workiva in the fourth quarter worth about $7,776,000. King Luther Capital Management Corp boosted its stake in Workiva by 5.7% in the 4th quarter. King Luther Capital Management Corp now owns 70,360 shares of the software maker’s stock worth $7,704,000 after purchasing an additional 3,780 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Workiva by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 27,170 shares of the software maker’s stock worth $2,975,000 after purchasing an additional 383 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Workiva by 5.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,296 shares of the software maker’s stock valued at $580,000 after purchasing an additional 267 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Workiva in the fourth quarter worth $5,758,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total value of $88,700.00. Following the completion of the transaction, the director now owns 34,084 shares of the company’s stock, valued at approximately $3,023,250.80. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 103,509 shares in the company, valued at approximately $8,872,791.48. The trade was a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,129 shares of company stock valued at $1,807,333. Corporate insiders own 3.86% of the company’s stock.

Analyst Upgrades and Downgrades

WK has been the topic of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Raymond James raised Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. Citigroup lifted their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. The Goldman Sachs Group increased their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Workiva has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Workiva Trading Down 1.2 %

Workiva stock opened at $87.46 on Wednesday. The firm has a market cap of $4.91 billion, a PE ratio of -95.07 and a beta of 1.09. The stock’s 50 day simple moving average is $95.59 and its two-hundred day simple moving average is $91.80. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83.

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.