Schwab Charles Investment Management Inc. raised its position in shares of Workiva Inc (NYSE:WK) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,680 shares of the software maker’s stock after purchasing an additional 6,101 shares during the period. Schwab Charles Investment Management Inc. owned 0.28% of Workiva worth $2,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AMP Capital Investors Ltd purchased a new stake in shares of Workiva during the 4th quarter worth about $203,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Workiva during the 4th quarter worth about $219,000. MetLife Investment Advisors LLC purchased a new stake in shares of Workiva during the 4th quarter worth about $240,000. Goldman Sachs Group Inc. purchased a new stake in shares of Workiva during the 4th quarter worth about $337,000. Finally, California Public Employees Retirement System bought a new position in shares of Workiva in the 4th quarter valued at approximately $690,000. 44.16% of the stock is owned by institutional investors.

Shares of Workiva opened at $24.40 on Friday, Marketbeat.com reports. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -1.97. Workiva Inc has a twelve month low of $18.35 and a twelve month high of $27.60. The company has a market capitalization of $1.06 billion, a P/E ratio of -22.80 and a beta of 0.60.

Workiva (NYSE:WK) last issued its quarterly earnings results on Wednesday, May 2nd. The software maker reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.10. The business had revenue of $59.91 million during the quarter, compared to the consensus estimate of $57.62 million. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. research analysts forecast that Workiva Inc will post -1.32 EPS for the current year.

WK has been the topic of a number of recent analyst reports. ValuEngine raised Workiva from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. TheStreet downgraded Workiva from a “c-” rating to a “d-” rating in a research note on Wednesday, May 23rd. Morgan Stanley raised their price objective on Workiva from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, May 3rd. Finally, Zacks Investment Research raised Workiva from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.86.

In other Workiva news, major shareholder Jerome M. Behar sold 100,000 shares of Workiva stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $25.70, for a total value of $2,570,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 29.94% of the company’s stock.

Workiva Profile

Workiva Inc provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, and performance and management reporting markets in the United States and internationally. The company provides Wdesk, a platform with proprietary word processing, spreadsheet, and presentation applications to collect, link, report, and analyze the business data, as well as to create, review, and publish data-linked documents and reports.

Institutional Ownership by Quarter for Workiva (NYSE:WK)

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