Oxford Financial Group LTD. LLC Invests $252,000 in Workiva Inc. (NYSE:WK)

Oxford Financial Group LTD. LLC acquired a new stake in Workiva Inc. (NYSE:WK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,300 shares of the software maker’s stock, valued at approximately $252,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its position in Workiva by 13.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,165,019 shares of the software maker’s stock worth $127,570,000 after purchasing an additional 140,310 shares in the last quarter. Geode Capital Management LLC grew its stake in Workiva by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,144,826 shares of the software maker’s stock valued at $90,597,000 after acquiring an additional 35,029 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Workiva by 13.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker’s stock valued at $57,629,000 after acquiring an additional 86,746 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Workiva by 19.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 559,961 shares of the software maker’s stock valued at $61,316,000 after acquiring an additional 92,192 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in Workiva during the fourth quarter worth about $59,894,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

WK has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Robert W. Baird raised their price target on 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 reduced their price objective on Workiva from $120.00 to $108.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Citigroup upped their target price on shares of Workiva from $128.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their price target on shares of Workiva from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Workiva currently has an average rating of “Moderate Buy” and a consensus price target of $120.25.

Insider Buying and Selling

In other Workiva news, CFO Jill Klindt sold 5,593 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.04, for a total transaction of $475,628.72. Following the completion of the sale, the chief financial officer now owns 119,054 shares of the company’s stock, valued at approximately $10,124,352.16. The trade was a 4.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brandon Ziegler sold 4,115 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $85.72, for a total value of $352,737.80. Following the completion of the transaction, the chief accounting officer now owns 103,509 shares in the company, valued at approximately $8,872,791.48. This trade represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,129 shares of company stock valued at $1,807,333. Insiders own 3.86% of the company’s stock.

Workiva Price Performance

NYSE WK opened at $87.28 on Friday. The company has a market cap of $4.90 billion, a P/E ratio of -94.87 and a beta of 1.09. Workiva Inc. has a 12 month low of $65.47 and a 12 month high of $116.83. The company has a 50-day moving average of $94.33 and a 200-day moving average of $91.82.

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.