Toronto Dominion Bank Acquires Shares of 15,157 Workiva Inc. (NYSE:WK)

Toronto Dominion Bank acquired a new stake in shares of Workiva Inc. (NYSE:WKGet Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,157 shares of the software maker’s stock, valued at approximately $1,978,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TimesSquare Capital Management LLC boosted its stake in Workiva by 24.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 597,136 shares of the software maker’s stock valued at $77,920,000 after acquiring an additional 117,901 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Workiva by 36.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,760 shares of the software maker’s stock worth $1,012,000 after buying an additional 2,066 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Workiva by 8.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,169 shares of the software maker’s stock worth $1,457,000 after buying an additional 849 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Workiva by 3.6% in the 4th quarter. Virginia Retirement Systems ET AL now owns 5,800 shares of the software maker’s stock worth $757,000 after buying an additional 200 shares during the last quarter. Finally, Duality Advisers LP bought a new position in shares of Workiva in the 4th quarter worth about $420,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

A number of research analysts have recently issued reports on WK shares. StockNews.com started coverage on shares of Workiva in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Stifel Nicolaus reduced their price target on shares of Workiva from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Robert W. Baird cut their price objective on shares of Workiva from $190.00 to $150.00 in a research report on Wednesday, February 23rd. Zacks Investment Research downgraded shares of Workiva from a “hold” rating to a “sell” rating in a research report on Tuesday, March 8th. Finally, William Blair reiterated an “outperform” rating on shares of Workiva in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $134.67.

Workiva stock opened at $103.92 on Friday. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -138.56 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $107.12 and its two-hundred day moving average price is $123.87. Workiva Inc. has a 52 week low of $83.65 and a 52 week high of $173.24.

Workiva (NYSE:WKGet Rating) last released its earnings results on Tuesday, February 22nd. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. The firm had revenue of $120.78 million for the quarter, compared to analysts’ expectations of $117.10 million. Workiva had a negative net margin of 8.51% and a negative return on equity of 39.05%. Workiva’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) EPS. Research analysts expect that Workiva Inc. will post -1.91 earnings per share for the current fiscal year.

In other news, EVP Michael D. Hawkins sold 3,433 shares of Workiva stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $120.00, for a total value of $411,960.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert H. Herz sold 1,500 shares of Workiva stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $95.71, for a total transaction of $143,565.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,975 shares of company stock worth $1,271,908. 12.25% of the stock is owned by corporate insiders.

About Workiva (Get Rating)

Workiva Inc, together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

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Institutional Ownership by Quarter for Workiva (NYSE:WK)

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