TimesSquare Capital Management LLC Acquires 92,192 Shares of Workiva Inc. (NYSE:WK)

TimesSquare Capital Management LLC lifted its position in shares of Workiva Inc. (NYSE:WK) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 559,961 shares of the software maker’s stock after buying an additional 92,192 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Workiva were worth $61,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WK. V Square Quantitative Management LLC bought a new stake in shares of Workiva during the third quarter worth about $28,000. Nisa Investment Advisors LLC grew its holdings in shares of Workiva by 8.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,452 shares of the software maker’s stock worth $159,000 after purchasing an additional 116 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Workiva during the third quarter worth about $168,000. Quantinno Capital Management LP bought a new stake in shares of Workiva during the third quarter worth about $207,000. Finally, Truist Financial Corp bought a new stake in shares of Workiva during the fourth quarter worth about $211,000. 92.21% of the stock is currently owned by institutional investors.

Workiva Price Performance

Shares of WK opened at $89.67 on Wednesday. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $116.83. The business’s 50 day moving average price is $104.87 and its two-hundred day moving average price is $90.43.

Analyst Ratings Changes

WK has been the topic of several research reports. Robert W. Baird boosted their price target on Workiva from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup upped their target price on Workiva from $116.00 to $128.00 and gave the company a “buy” rating in a report on Monday, December 16th. Raymond James upgraded Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. Stifel Nicolaus upgraded Workiva from a “hold” rating to a “buy” rating and upped their target price for the company from $102.00 to $130.00 in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their target price on Workiva from $120.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.14.

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.