Legato Capital Management LLC Makes New $226,000 Investment in Workiva Inc. (NYSE:WK)

Legato Capital Management LLC acquired a new position in shares of Workiva Inc. (NYSE:WK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,064 shares of the software maker’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WK. V Square Quantitative Management LLC purchased a new position in shares of Workiva during the 3rd quarter valued at $28,000. Nisa Investment Advisors LLC grew its holdings in shares of Workiva by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock valued at $159,000 after acquiring an additional 116 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Workiva during the 3rd quarter valued at $168,000. Quantinno Capital Management LP acquired a new stake in shares of Workiva in the 3rd quarter valued at $207,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Workiva in the 4th quarter valued at $219,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Stock Performance

NYSE:WK opened at $89.12 on Friday. The firm’s 50-day moving average is $105.40 and its 200-day moving average is $89.96. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -96.87 and a beta of 1.06.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Workiva from a “hold” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $130.00 in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird boosted their target price on shares of Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Workiva from $96.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Workiva has an average rating of “Moderate Buy” and an average target price of $122.14.

Workiva Company 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.