Citadel Advisors LLC lifted its stake in shares of InnerWorkings, Inc. (NASDAQ:INWK) by 61.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,276 shares of the business services provider’s stock after purchasing an additional 8,112 shares during the period. Citadel Advisors LLC’s holdings in InnerWorkings were worth $239,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of InnerWorkings by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock worth $42,570,000 after purchasing an additional 160,330 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of InnerWorkings by 31.4% during the 3rd quarter. American Century Companies Inc. now owns 1,377,614 shares of the business services provider’s stock worth $15,498,000 after purchasing an additional 329,304 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its holdings in shares of InnerWorkings by 2.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 1,099,398 shares of the business services provider’s stock worth $12,753,000 after purchasing an additional 24,889 shares during the last quarter. Boston Partners boosted its holdings in shares of InnerWorkings by 7.2% during the 3rd quarter. Boston Partners now owns 1,065,420 shares of the business services provider’s stock worth $11,986,000 after purchasing an additional 71,210 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of InnerWorkings by 75.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the business services provider’s stock worth $12,244,000 after purchasing an additional 453,200 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

INWK has been the topic of several recent research reports. Dougherty & Co initiated coverage on InnerWorkings in a report on Tuesday, October 31st. They set a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research upgraded InnerWorkings from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Lake Street Capital initiated coverage on InnerWorkings in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.60.

InnerWorkings, Inc. (NASDAQ INWK) opened at $10.21 on Friday. InnerWorkings, Inc. has a twelve month low of $9.08 and a twelve month high of $12.03. The company has a market capitalization of $549.34, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.63.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. InnerWorkings had a return on equity of 9.53% and a net margin of 2.04%. The firm had revenue of $288.40 million for the quarter, compared to analysts’ expectations of $289.82 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts anticipate that InnerWorkings, Inc. will post 0.49 EPS for the current fiscal year.

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InnerWorkings Company Profile

InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.

Institutional Ownership by Quarter for InnerWorkings (NASDAQ:INWK)

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