According to Zacks, “Workiva LLC offers a cloud-based and mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The company provides solutions for compliance, risk, sustainability and management reporting as well as enterprise risk management. It serves the manufacturing and materials, energy and utilities, financial services, healthcare, media and entertainment, real estate, retail, consumer goods, services, transportation and technology and telecom industries. Workiva LLC is headquartered in Ames, Iowa. “
WK has been the topic of a number of other reports. Northland Securities reaffirmed a buy rating and issued a $62.00 price objective on shares of Workiva in a research note on Thursday, November 7th. Morgan Stanley reduced their price objective on shares of Workiva from $46.00 to $42.00 and set an underweight rating on the stock in a research note on Wednesday, October 16th. ValuEngine raised shares of Workiva from a hold rating to a buy rating in a research note on Tuesday, October 1st. Finally, SunTrust Banks raised their price objective on shares of Workiva to $65.00 and gave the company a buy rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $56.20.
WK opened at $41.32 on Friday. Workiva has a one year low of $31.83 and a one year high of $64.11. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $42.48 and its 200-day simple moving average is $51.18. The stock has a market capitalization of $1.86 billion, a P/E ratio of -44.43 and a beta of 0.99.
Workiva (NYSE:WK) last released its quarterly earnings results on Wednesday, November 6th. The software maker reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.24. The company had revenue of $74.18 million for the quarter, compared to the consensus estimate of $72.32 million. During the same period last year, the company earned ($0.09) earnings per share. Workiva’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, analysts anticipate that Workiva will post -1.03 EPS for the current year.
In related news, major shareholder Jeff D. Trom sold 450,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $56.25, for a total transaction of $25,312,500.00. Following the sale, the insider now directly owns 234,775 shares in the company, valued at $13,206,093.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott G. Ryan sold 31,250 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $56.25, for a total transaction of $1,757,812.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,117,038 shares of company stock worth $62,833,388. 18.46% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Workiva by 22.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,519,224 shares of the software maker’s stock valued at $204,432,000 after buying an additional 637,742 shares during the last quarter. BlackRock Inc. increased its stake in Workiva by 15.1% in the 2nd quarter. BlackRock Inc. now owns 2,670,615 shares of the software maker’s stock valued at $155,135,000 after buying an additional 349,527 shares during the last quarter. Renaissance Technologies LLC increased its stake in Workiva by 8.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,767,400 shares of the software maker’s stock valued at $102,668,000 after buying an additional 132,998 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Workiva in the 2nd quarter valued at $32,808,000. Finally, Northern Trust Corp increased its stake in Workiva by 2.1% in the 2nd quarter. Northern Trust Corp now owns 461,842 shares of the software maker’s stock valued at $26,828,000 after buying an additional 9,429 shares during the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.
Workiva Company Profile
Workiva Inc provides cloud-based solutions for connected data, reporting, and compliance worldwide. The company offers Wdesk, a platform that provides data collection and linking, data integrations, controlled collaboration, granular permissions, process management, and full audit trail services; and Wdata, which includes data preparation tools, data connectors, and application programming interfaces that enable customers to create direct connections to their data.
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