Impax Asset Management Group plc Increases Stock Position in Workiva Inc. $WK

Impax Asset Management Group plc lifted its stake in Workiva Inc. (NYSE:WK) by 19.8% in the third quarter, HoldingsChannel.com reports. The fund owned 136,086 shares of the software maker’s stock after purchasing an additional 22,500 shares during the period. Impax Asset Management Group plc’s holdings in Workiva were worth $11,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WK. Private Wealth Asset Management LLC increased its position in shares of Workiva by 1,731.7% during the 3rd quarter. Private Wealth Asset Management LLC now owns 75,100 shares of the software maker’s stock valued at $6,465,000 after purchasing an additional 71,000 shares during the last quarter. Nordea Investment Management AB grew its position in Workiva by 50.7% during the third quarter. Nordea Investment Management AB now owns 1,368,401 shares of the software maker’s stock valued at $115,589,000 after buying an additional 460,540 shares during the period. Ranger Investment Management L.P. increased its holdings in Workiva by 39.5% during the third quarter. Ranger Investment Management L.P. now owns 312,045 shares of the software maker’s stock valued at $26,861,000 after buying an additional 88,425 shares during the last quarter. Nicholas Company Inc. raised its position in Workiva by 9.3% in the second quarter. Nicholas Company Inc. now owns 80,881 shares of the software maker’s stock worth $5,536,000 after acquiring an additional 6,850 shares during the period. Finally, Pembroke Management LTD purchased a new position in shares of Workiva during the 3rd quarter worth $36,185,000. Institutional investors own 92.21% of the company’s stock.

Workiva Stock Performance

WK stock opened at $65.01 on Thursday. The company’s fifty day moving average price is $83.67 and its 200-day moving average price is $83.46. Workiva Inc. has a one year low of $60.50 and a one year high of $97.10. The company has a market capitalization of $3.65 billion, a PE ratio of -77.39 and a beta of 0.62.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their price objective on Workiva from $100.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. BTIG Research began coverage on Workiva in a report on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target for the company. The Goldman Sachs Group restated a “buy” rating and issued a $110.00 price target on shares of Workiva in a research report on Thursday, November 6th. Raymond James Financial reissued an “outperform” rating and issued a $105.00 target price on shares of Workiva in a report on Wednesday, December 10th. Finally, UBS Group set a $110.00 target price on shares of Workiva in a research note on Sunday, November 9th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Workiva currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.