TimesSquare Capital Management LLC Purchases 53,917 Shares of Workiva Inc. $WK

TimesSquare Capital Management LLC raised its position in Workiva Inc. (NYSE:WK) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 513,503 shares of the software maker’s stock after buying an additional 53,917 shares during the period. TimesSquare Capital Management LLC owned 0.92% of Workiva worth $44,202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Workiva by 287.8% during the third quarter. GAMMA Investing LLC now owns 287 shares of the software maker’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Workiva in the 2nd quarter valued at $51,000. Essex Investment Management Co. LLC purchased a new stake in shares of Workiva during the 3rd quarter valued at $63,000. Smartleaf Asset Management LLC raised its stake in shares of Workiva by 52.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,276 shares of the software maker’s stock worth $109,000 after purchasing an additional 440 shares during the period. Finally, State of Wyoming raised its stake in shares of Workiva by 15.4% during the 3rd quarter. State of Wyoming now owns 1,553 shares of the software maker’s stock worth $134,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva Price Performance

NYSE:WK opened at $61.91 on Friday. The company has a market cap of $3.47 billion, a P/E ratio of -73.70 and a beta of 0.62. Workiva Inc. has a 1 year low of $60.50 and a 1 year high of $97.10. The stock’s fifty day moving average price is $82.47 and its two-hundred day moving average price is $83.38.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WK shares. Stephens increased their price target on shares of Workiva from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. BTIG Research began coverage on shares of Workiva in a research report on Tuesday, December 16th. They set a “buy” rating and a $105.00 target price for the company. Truist Financial raised their price target on shares of Workiva from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a report on Wednesday, January 21st. Finally, BMO Capital Markets increased their price objective on Workiva from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Workiva currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Workiva Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.