Oxford Financial Group LTD. LLC Acquires New Stake in Workiva Inc. (NYSE:WK)

Oxford Financial Group LTD. LLC bought a new position in shares of Workiva Inc. (NYSE:WK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,300 shares of the software maker’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in Workiva in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Workiva by 14,650.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 885 shares of the software maker’s stock valued at $97,000 after buying an additional 879 shares during the period. Nisa Investment Advisors LLC grew its position 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 buying an additional 116 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Workiva during the fourth quarter worth approximately $211,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in Workiva in the fourth quarter worth approximately $219,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Workiva Trading Down 1.0 %

Shares of WK stock opened at $87.28 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of -94.87 and a beta of 1.09. The business’s 50 day moving average is $94.33 and its two-hundred day moving average is $91.82. Workiva Inc. has a twelve month low of $65.47 and a twelve month high of $116.83.

Analyst Ratings Changes

A number of research firms have weighed in on WK. Robert W. Baird raised their price target on Workiva from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup raised their target price on Workiva from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Stephens assumed coverage on Workiva in a report on Wednesday. They issued an “overweight” rating and a $111.00 price target for the company. Raymond James raised shares of Workiva from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Friday, January 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Workiva from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

Insider Activity at Workiva

In other news, EVP Michael D. Hawkins sold 10,421 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $85.43, for a total value of $890,266.03. Following the completion of the sale, the executive vice president now owns 61,298 shares in the company, valued at approximately $5,236,688.14. This trade represents a 14.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $88.70, for a total transaction of $88,700.00. Following the transaction, the director now owns 34,084 shares in the company, valued at approximately $3,023,250.80. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,129 shares of company stock worth $1,807,333 in the last three months. Insiders own 3.86% of the company’s stock.

Workiva Company Profile

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.