Mitsubishi UFJ Asset Management Co. Ltd. Has $163,000 Stock Holdings in Workiva Inc. (NYSE:WK)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in Workiva Inc. (NYSE:WK) by 10.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,149 shares of the software maker’s stock after selling 241 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Workiva were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Workiva in the first quarter worth about $171,000. Charles Schwab Investment Management Inc. raised its position in Workiva by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 430,462 shares of the software maker’s stock worth $32,676,000 after purchasing an additional 3,057 shares in the last quarter. Vanguard Group Inc. raised its position in Workiva by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,942,371 shares of the software maker’s stock worth $451,085,000 after purchasing an additional 142,297 shares in the last quarter. Harbour Investments Inc. acquired a new position in Workiva in the first quarter worth about $39,000. Finally, Bayforest Capital Ltd acquired a new position in Workiva in the first quarter worth about $39,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Workiva Price Performance

WK opened at $72.98 on Friday. Workiva Inc. has a one year low of $60.50 and a one year high of $116.83. The company’s 50 day simple moving average is $69.29 and its 200-day simple moving average is $75.54. The stock has a market capitalization of $4.09 billion, a P/E ratio of -60.82 and a beta of 0.86.

Workiva (NYSE:WK) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $215.19 million for the quarter, compared to the consensus estimate of $208.92 million. During the same period last year, the company earned $0.16 earnings per share. Workiva’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts anticipate that Workiva Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

WK has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $95.00 price target on shares of Workiva in a research report on Thursday, May 22nd. Citigroup reissued a “buy” rating and issued a $105.00 price target (down previously from $108.00) on shares of Workiva in a research report on Wednesday, July 16th. Stifel Nicolaus decreased their price objective on shares of Workiva from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Wall Street Zen raised shares of Workiva from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, BNP Paribas assumed coverage on shares of Workiva in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $100.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Workiva currently has an average rating of “Buy” and a consensus target price of $99.22.

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.