Natixis Advisors L.P. Purchases 10,481 Shares of Workiva Inc. (NYSE:WK)

Natixis Advisors L.P. grew its position in Workiva Inc. (NYSE:WK) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,706 shares of the software maker’s stock after buying an additional 10,481 shares during the quarter. Natixis Advisors L.P. owned 0.34% of Workiva worth $18,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Workiva by 16.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,934 shares of the software maker’s stock worth $1,007,000 after acquiring an additional 1,389 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Workiva during the third quarter valued at approximately $279,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Workiva by 19.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,075 shares of the software maker’s stock valued at $109,000 after purchasing an additional 175 shares in the last quarter. Strs Ohio increased its holdings in Workiva by 9.4% during the third quarter. Strs Ohio now owns 5,800 shares of the software maker’s stock valued at $587,000 after buying an additional 500 shares during the period. Finally, Advisor Partners II LLC bought a new position in Workiva in the third quarter worth approximately $349,000. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Up 2.0 %

Shares of NYSE:WK opened at $81.68 on Monday. The business’s 50-day moving average is $82.33 and its 200 day moving average is $90.52. Workiva Inc. has a 1 year low of $76.63 and a 1 year high of $116.00.

Workiva (NYSE:WK) last issued its quarterly earnings results on Tuesday, February 20th. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.10. The business had revenue of $166.65 million for the quarter, compared to analysts’ expectations of $164.44 million. On average, equities research analysts predict that Workiva Inc. will post -0.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WK. Citigroup dropped their target price on Workiva from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. BMO Capital Markets cut their target price on Workiva from $123.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their price target on shares of Workiva from $92.00 to $85.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.86.

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.