Mutual of America Capital Management LLC Purchases 31,421 Shares of Workiva Inc. (NYSE:WK)

Mutual of America Capital Management LLC raised its position in Workiva Inc. (NYSE:WK) by 138.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 54,059 shares of the software maker’s stock after acquiring an additional 31,421 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Workiva were worth $4,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Workiva in the third quarter worth $28,000. Quarry LP raised its position in Workiva by 57.8% during the 2nd quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after buying an additional 166 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Workiva during the 1st quarter valued at approximately $40,000. Point72 Hong Kong Ltd purchased a new stake in shares of Workiva in the 2nd quarter valued at $62,000. Finally, Headlands Technologies LLC increased its stake in shares of Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock worth $128,000 after acquiring an additional 1,577 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michael D. Hawkins sold 2,761 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $74.60, for a total transaction of $205,970.60. Following the completion of the sale, the executive vice president now owns 49,887 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. 3.86% of the stock is currently owned by company insiders.

Workiva Price Performance

Shares of WK stock opened at $94.53 on Friday. Workiva Inc. has a 1-year low of $65.47 and a 1-year high of $105.00. The company has a market cap of $5.24 billion, a price-to-earnings ratio of -102.75 and a beta of 1.05. The stock has a 50 day simple moving average of $82.16 and a 200-day simple moving average of $78.02.

Analyst Ratings Changes

A number of research firms recently issued reports on WK. Stifel Nicolaus boosted their target price on shares of Workiva from $85.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Northland Securities lowered their target price on Workiva from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird boosted their price target on Workiva from $94.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of Workiva from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, BMO Capital Markets boosted their target price on shares of Workiva from $96.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Workiva presently has an average rating of “Moderate Buy” and a consensus target price of $103.20.

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.