Y Intercept Hong Kong Ltd Reduces Holdings in Workiva Inc. (NYSE:WK)

Y Intercept Hong Kong Ltd reduced its position in shares of Workiva Inc. (NYSE:WK) by 8.7% during the third quarter, HoldingsChannel reports. The firm owned 10,587 shares of the software maker’s stock after selling 1,006 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Workiva were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Workiva during the 3rd quarter valued at $28,000. Quarry LP lifted its position in shares of Workiva by 57.8% during the second quarter. Quarry LP now owns 453 shares of the software maker’s stock worth $33,000 after purchasing an additional 166 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Workiva in the second quarter worth about $62,000. Headlands Technologies LLC increased its holdings in Workiva by 896.0% in the second quarter. Headlands Technologies LLC now owns 1,753 shares of the software maker’s stock valued at $128,000 after buying an additional 1,577 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Workiva by 8.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,347 shares of the software maker’s stock valued at $171,000 after buying an additional 179 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Down 0.5 %

NYSE:WK opened at $103.82 on Friday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $106.03. The firm has a market cap of $5.75 billion, a P/E ratio of -112.85 and a beta of 1.09. The business’s 50-day moving average price is $89.29 and its 200 day moving average price is $79.98.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WK. Stifel Nicolaus lifted their target price on Workiva from $85.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets increased their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.20.

About Workiva

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.